Analysts attribute the correction to a combination of macroeconomic uncertainty, tighter liquidity conditions, and a broader risk-off sentiment across global markets
Mohit Kumar, head of markets research at Delta Exchange, expects Bitcoin to consolidate for a considerable period before reaching a new all-time high
SB Seker, head of APAC at Binance, said the outlook of the crypto markets hinges on regulation, liquidity and market maturation
Bitcoin climbed nearly 3% in early Asian trading to around $65,400 after the US and Iran signalled a de-escalation of hostilities, boosting risk appetite across global markets
The focus on India as a market comes as the company continues to see high adoption even as regulations around crypto are yet to take shape
Bitcoin Pizza Day commemorates the first real-world Bitcoin transaction, when programmer Laszlo Hanyecz paid 10,000 BTC for two pizzas on May 22, 2010.
The move, they believe, could create a more stable and transparent framework that encourages institutional participation, strengthens investor confidence, and supports innovation
Analysts remain cautiously optimistic on the outlook, citing continued institutional demand, improving risk appetite, and better market participation
The original cryptocurrency climbed as much as 1.9 per cent Monday morning in Singapore to $80,393, its highest level since Jan. 31
The original cryptocurrency was up as much as 1.6 per cent to $79,488, its highest level since Jan. 31, the last time it was above $80,000
Analysts believe that steady inflows into Bitcoin-linked investment products signal underlying demand, suggesting corrections may attract long-term capital despite near-term volatility
At the same time, flagship digital asset Bitcoin has continued to show relative strength, outperforming gold and the S&P 500 since the start of the US-Iran conflict, gaining roughly 7 per cent while
Bitcoin has weathered the war with Iran, which broke out at the end of February, better than many traditional assets
Ethereum outperformed Bitcoin, trading with gains of more than 7 per cent and holding above the $2,200 mark
On a weekly basis, the flagship token Bitcoin has surged 9.13 per cent from $65,969.78 recorded on March 8, while Ethereum posted a gain of nearly 11 per cent from $1,936.60 on the same date
Over the past five weeks, Bitcoin has repeatedly faced resistance near the $74,000 level, suggesting the market is still searching for fresh catalysts before attempting a decisive breakout
Bitcoin price prediction: Hougan argues that Bitcoin should be analysed as an emerging store-of-value asset similar to gold rather than purely as a speculative investment
According to analysts, the muted moves across large-cap tokens suggest investors are awaiting stronger macro triggers before taking aggressive risk positions
Crypto Market: Meanwhile, early signs of capital rotation are emerging as inflows into Bitcoin investment products resume, while some profit-taking appears to be occurring in gold
The recent pullback comes after a sharp reversal in US spot Bitcoin ETF flows and growing concerns around inflation and geopolitical tensions