Analysts View Bitcoin Dip as Part of Ongoing Bull Market Amid Growing Institutional Support
While the short-term outlook remains uncertain, long-term momentum continues to drive the market.
Investor sentiment soured after President Trump’s executive order on March 7, which proposed a Bitcoin reserve plan but offered no immediate concrete actions. This lack of clarity contributed to the recent price pullback in Bitcoin and other major cryptocurrencies.
Macro Correction Rather Than Bear Market, According to Experts
Aurelie Barthere from Nansen suggests that the recent decline is part of a broader macro correction, not the start of a new bear market. While short-term volatility continues, the long-term outlook remains positive due to strong underlying momentum.
Growing Institutional Support for Crypto
Institutional support for cryptocurrency continues to rise, with global financial institutions like Deutsche Boerse planning to introduce Bitcoin and Ether custody services through its Clearstream division. This expansion is aimed at institutional clients and aligns with global efforts to integrate cryptocurrency into traditional finance, such as the U.S.’s Bitcoin reserve and Singapore’s Bitcoin futures plans.
Macro Pressures and Recession Fears Overshadow Positive Developments
Despite growing institutional interest and regulatory movements, Bitcoin and other major cryptocurrencies like Ethereum, Solana, and XRP have seen price declines, with Bitcoin recently dipping to $76,000. Rising recession fears and broader macroeconomic pressures seem to be overshadowing the positive developments in the crypto space, leaving many investors cautious about the market’s immediate future.
Editorial Team
Reporter at Coindoo
