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It dropped below $88,000, marking a decline of over 7%, attributed to tariff fears and economic concerns.
Currently, Bitcoin is struggling to maintain support around $89,041, with risks of falling to $85,000 or lower due to investor skepticism regarding U.S. Bitcoin reserve plans.
As of mid-March 2025, Bitcoin was hovering around $82,000, raising questions about whether this is a typical market correction or the onset of a bear market.
Overall, Bitcoin has seen a 12% drop despite corporate buying, indicating ongoing market volatility.
These factors contribute to the current uncertainty surrounding Bitcoin's market performance.