Bitcoin may be down 23% from its all-time high of $109,000 in January, but it’s still outshining stocks, treasuries, and even gold. According to Bloomberg data, Bitcoin has outperformed every major asset class since Trump’s election, despite market uncertainty. Thomas Fahrer, co-founder of Apollo Sats, highlighted this trend in a recent post, stating, “Even with the pullback, Bitcoin is still outperforming every other asset post-election.”
Bitcoin ETF Inflows Signal Bullish Sentiment
Even as Bitcoin hovers around $81,000, institutional investors are staying put. On March 17, U.S. spot Bitcoin ETFs saw their biggest daily inflows since February—a massive $274 million, according to Sosovalue. These ETFs played a critical role in Bitcoin’s 2024 rally, contributing 75% of new investment inflows.
Fed Decision Could Be the Next Catalyst
All eyes are on the Federal Open Market Committee (FOMC) meeting this Wednesday. The Fed is expected to hold interest rates steady, but any dovish hint from Jerome Powell could reignite risk appetite. This could lift Bitcoin and altcoins higher. QCP Capital analysts noted, “Any dovish signal from Powell could be the catalyst that sparks upside momentum.”
However, traders are treading carefully. If the Fed signals a hawkish stance, Bitcoin could dip toward $75,000–$78,000, according to Bitget CEO Gracy Chen. That said, she remains long-term bullish, predicting $200,000 BTC in the next two years.
At the time of writing, Bitcoin is sitting at $81,615.
Questions or Comments about the article? Write to editor@tipranks.com