At $81,132 and sliding 2.1% on Tuesday, Bitcoin can’t seem to catch a break this bull run. It’s the biggest crypto market news of the month. Intensifying economic pressures and wavering confidence have left the world’s largest cryptocurrency stumbling through a rough patch that shows no sign of easing. Here’s what’s behind the Bitcoin dip and what might come next, and what crypto should we buy?
Crypto Market News: A 30% Correction Hits Bitcoin
Bitcoin has faced its second-largest correction of the current bull run. The coin reached an all-time high of $109,590 on January 20 but has since pulled back by 30%, hitting a low of $77,041 during the week of March 9-15. The sharp decline has been attributed to selling pressure from short-term holders, defined as those who purchased Bitcoin within the last seven to 30 days.
“If Bitcoin stabilizes around this level, history suggests a strong recovery could follow,” Bitfinex analysts told Cointelegraph.
Bitcoin is oversold.
We will see a massive reversal soon! pic.twitter.com/xf8DlAEPlb
— Mister Crypto (@misterrcrypto) March 18, 2025
Adding to Bitcoin’s woes, exchange-traded products (ETPs) tied to crypto have recorded significant outflows. Over the past five weeks, total outflows have reached $6.4 billion. Notably, Bitcoin-specific ETPs have seen $5.4 billion in outflows, signaling a lack of institutional demand.
According to Bitfinex, institutional buyers are crucial at these lower levels to absorb supply and stabilize prices. Without their engagement, Bitcoin’s struggle to find a solid bottom could persist.
EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress
Challenging Macroeconomic Climate
Bitcoin is also taking heavy fire from a brutal macroeconomic storm. Confidence in the US economy has hit a two-year low, with the Federal Reserve forecasting a 2.8% contraction by early 2025. The spectre of inflation still looms large, and trade tensions refuse to back down, siphoning off Bitcoin’s selling point as a safe harbor.
There’s also now the possibility of a U.S.-Israel war with Iran.
Tucker Carlson comes out against attacking Iran:
“It’s worth point out that a strike on Iranian nuclear sites will almost certainly result in thousands of American deaths… Don’t let the propagandists lie to you.”
Follow: @AFpost pic.twitter.com/yk5VMi3P2X
— AF Post (@AFpost) March 17, 2025
We’ve yet to see Bitcoin roll over. It’s holding onto support at $80,000 after a hard weekend tumble. Historically, that kind of move hints at a bottom, a green light for long-term optimists. But for a real turnaround, it’s going to need fresh institutional support and a brighter economic outlook. Bitcoin may still cling to its reputation as “digital gold,” but the jury’s out on its ability to weather inflation without shaking investors to the core.
Why Is Crypto Down Today? Buy BTC Bull Crypto Presale While it Does
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Key Takeaways
- At $81,132 and sliding 2.1% on Tuesday, Bitcoin can’t seem to catch a break this bull run. It’s the biggest crypto market news of the month.
- Bitcoin has faced its second-largest correction of the current bull run.
- Bitcoin is also taking heavy fire from a brutal macroeconomic storm. Confidence in the US economy has hit a two-year low, with the Federal Reserve forecasting a 2.8% contraction by early 2025.
The post Crypto Market News: This Isn’t Even The Biggest Dump This Bull Run appeared first on 99Bitcoins.
