Bitcoin Faces Setback as Market Corrects, but Institutional Adoption Picks Up
Despite recent turbulence in the crypto market, with Bitcoin dipping by over 14% to just above $80,000, some analysts view the current dip as a natural phase within the ongoing bull market rather than a sign of a looming bear market.
Investor disappointment followed President Trump’s executive order on March 7, which proposed a Bitcoin reserve plan but fell short of offering immediate tangible actions, contributing to the price pullback.
While the short-term outlook remains rocky, long-term momentum persists. According to Aurelie Barthere from Nansen, this decline is part of a broader macro correction, not the start of a bear market.
Meanwhile, institutional support for crypto continues to grow globally, with European financial giant Deutsche Boerse planning to introduce Bitcoin and Ether custody services through its Clearstream division later this year, focusing on institutional clients.
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This aligns with a growing international trend, including the U.S.’s Bitcoin reserve and Singapore’s plans for Bitcoin futures. Japan, too, is making strides with proposed crypto-backed ETFs.
Despite these pro-crypto moves, the market has failed to react positively, with Bitcoin recently falling to $76,000, accompanied by significant declines in Ethereum, Solana, and XRP. Rising recession fears and macroeconomic pressures seem to be overshadowing these positive developments, leaving many investors cautious.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
