Bitcoin’s price has corrected by 23% from its all-time high of over $109,000, recorded on January 20, the day of President Donald Trump’s inauguration. Despite this drop, Bitcoin continues to outperform other global assets such as equities, US treasuries, real estate, and precious metals. According to Bloomberg data shared by Thomas Fahrer, co-founder of Apollo Sats, Bitcoin remains a leader among major market segments post-election, despite the recent decline. Even with the pullback, Fahrer noted on March 18 that Bitcoin is still outperforming every other asset since Trump’s administration took over.

The recent market correction comes amidst concerns over a potential bear market and uncertainties in global trade, as well as the US debt suspension period. However, some analysts, including Aurelie Barthere from Nansen crypto intelligence platform, argue that the current retracement to $76,000 is part of a larger correction within a continuing bull market. Barthere added that the markets are pricing in the possibility of tariff uncertainty and fiscal cuts, with recession fears increasing.

Bitcoin’s market activity also includes a notable uptick in Bitcoin exchange-traded fund (ETF) inflows. On March 17, US Bitcoin ETFs recorded $274 million in net inflows, marking the highest day of investment since February 4, when Bitcoin was trading above $98,652. ETFs have been crucial in Bitcoin’s 2024 rally, accounting for approximately 75% of the new investment that helped push Bitcoin over the $50,000 mark on February 15.

Gracy Chen, CEO of Bitget, expressed confidence in Bitcoin’s future price trajectory, stating that despite the volatility, she doesn’t expect Bitcoin to fall below $70,000, with the possibility of seeing a low range between $73,000 and $78,000. This, according to her, could be an ideal entry point for potential buyers. Chen believes that Bitcoin could potentially reach $200,000 within the next one to two years. Industry leaders have also projected that Bitcoin could reach anywhere from $160,000 to $180,000 by 2025.

Despite the challenges and ongoing corrections, Bitcoin’s resilience in outperforming traditional assets and its recovery potential is a testament to its ongoing relevance in the financial market. While some may expect more volatility in the short term, the long-term outlook remains optimistic as institutional interest continues to rise.