Bitcoin (BTC) is back on the rise after a brief dip below $79,000 earlier this week. The world’s largest cryptocurrency has climbed 3% in the past 24 hours, now trading around $84,233 as of Saturday, March 15, 2025. This sudden rebound has already shaken up the market, triggering over $71 million in liquidations – mostly from short traders who bet against the recovery.
Let’s break down the key reasons behind this price surge and what it could mean for the market moving forward.
Investor confidence improved this week after the latest U.S. inflation report showed that consumer prices rose less than expected last month. This came despite the ongoing tariff wars sparked by President Donald Trump.
As a result, major U.S. stock indexes, including the S&P 500 and Nasdaq, saw slight gains. This positive market sentiment spread to the crypto market, helping Bitcoin recover.
The crypto market has been calmer over the past two days following a wave of forced liquidations earlier this week. A sharp sell-off among long traders had triggered a long squeeze, but now, with excessive leverage removed, Bitcoin has had space to rebound.
Supporting this, Bitcoin futures Open Interest (OI) has jumped over 5% in the last 24 hours, reaching around $49 billion – a sign of renewed trading activity.
For the first time in history, gold prices surged close to $3,000 per ounce this week. Many investors see Bitcoin as “digital gold,” and with physical gold reaching new highs, confidence in BTC’s long-term value has strengthened. This connection suggests that Bitcoin’s recovery could continue in the coming days.
Since President Trump’s second inauguration, Bitcoin has gone through a nearly 30% correction. However, many analysts believe this multi-week correction is nearing its end. The anticipation surrounding the U.S. government’s strategic Bitcoin reserve has renewed bullish sentiment, with some predicting a rally beyond $108,000.
However, some warning signs remain. Large investors, or “whales,” aren’t buying Bitcoin at the same rate as last year. U.S. spot Bitcoin ETFs have recorded five straight weeks of cash outflows, and the amount of Bitcoin on centralized exchanges hasn’t been dropping – indicating weak buying pressure from big players.
According to the Bitcoin price analysis done by our expert panel, Bitcoin price today could go as high as $85,000
As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046 this year if the bullish sentiment sustains.
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