Bitcoin has dropped 23% from its all-time high of over $109,000 on January 20, the day of Donald Trump’s inauguration.
Despite the pullback, it continues to outperform equities, US treasuries, real estate, and precious metals.
Thomas Fahrer, co-founder of Apollo Sats, noted on March 18 that “Bitcoin is still outperforming every other asset since Trump’s administration took over.”
Bloomberg data also shows Bitcoin remains a leader among major market segments post-election.
The decline comes amid concerns over a bear market, global trade uncertainty, and the US debt suspension.
However, Nansen analyst Aurelie Barthere sees the retracement to $76,000 as part of a larger bull market correction.
“Markets are pricing in the possibility of tariff uncertainty and fiscal cuts, with recession fears increasing,” she added.
Bitcoin ETFs continue to see strong inflows, with $274 million recorded on March 17—the highest since February 4, when Bitcoin traded above $98,652.
ETFs have played a key role in Bitcoin’s 2024 rally, accounting for 75% of new investment.
Bitget CEO Gracy Chen remains bullish, predicting Bitcoin won’t fall below $70,000 and could trade between $73,000 and $78,000, calling it an “ideal entry point.”
She also believes Bitcoin could hit $200,000 in one to two years, while industry projections range from $160,000 to $180,000 by 2025.
Despite volatility, Bitcoin’s resilience and institutional interest continue to reinforce its long-term growth potential.
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