Bitcoin News: Bitcoin Approaches Worst Quarterly Close Since 2018 Amid Significant Outflows

Cryptocurrency investors are closely monitoring Bitcoin’s performance as it edges closer to its worst quarterly close since 2018. Recent developments in the U.S. Bitcoin ETF market have added to the uncertainty surrounding the digital asset’s future.

Bitcoin on Track for Worst Quarterly Close Since 2018

Bitcoin is dangerously close to experiencing its worst quarterly performance since 2018. The U.S. spot Bitcoin exchange-traded funds (ETFs) ended their streak of ten consecutive days of positive net inflows on Friday. This interruption is primarily due to the Fidelity FBTC fund recording massive outflows of $93.16 million, while other funds saw no significant activity. The day before, the same FBTC fund had attracted $97.14 million in investments. During this ten-day period, trading volumes remained relatively stable, reaching $2.22 billion on Friday.

Chart of The Week: Will April Bring Good Luck or Fool’s Hope for Bitcoin?

The cryptocurrency market has experienced a significant sell-off, with over $160 billion wiped out since Friday. Factors contributing to the sell-off include Trump’s tariff threats, global economic concerns, and the lack of a clear catalyst for the next leg up. However, historical data shows that April has brought in an average 27% return for Bitcoin, marking it the third-best month since 2010. Traders and investors are hopeful that April could bring a bullish setup for crypto.

Bitcoin May be on 25% of S&P 500 Firms’ Balance Sheets by 2030

According to Architect Partners analyst Elliot Chun, Bitcoin is making its way from trading desks to corporate treasuries, and by the end of the decade, it could be standard practice for a quarter of the S&P 500 firms to hold BTC as a long-term asset on their balance sheets. This strategy, first adopted by MicroStrategy in August 2020, was initially unorthodox but has since gained traction as a hedge against inflation and a diversification tool. MicroStrategy’s CEO Michael Saylor’s embrace of Bitcoin transformed the company into a proxy for BTC exposure.

Toulouse Becomes First European City to Accept Crypto for Public Transport

Toulouse, France has started accepting Bitcoin and other cryptocurrencies for public transport fares, including metro, tram, cable car, and bus tickets. The move makes Toulouse the first European city where crypto can legally be spent on public transport, starting on March 17, 2025. In collaboration with Lyzi app and Tisséo, the Toulouse public transport operator, residents can now use their crypto holdings to pay for transport. This comes as France actively seeks to deploy various crypto-friendly services, with Cannes also working on a similar payment system. No specific cryptocurrencies other than Bitcoin were mentioned in the report.

Bitcoin Price Prediction 2025: BTC May Rebound Soon!

Bitcoin is about to close the monthly trade on a bearish note, with technicals turning bearish and trading activity dropping. However, a major hidden bullish divergence is observed, indicating a potential rebound. Each drop may be considered a good buying opportunity as the BTC price is expected to rise above $90,000 soon. The failure to hold an important support has activated bearish activity, but the bulls are still in play.