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Bitcoin’s Rollercoaster Ride: Veterans Stay Confident Amid Market Volatility

Bitcoin’s Rollercoaster Ride: Veterans Stay Confident Amid Market Volatility

Published:
2025-04-21 12:15:13
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Bitcoin has recently experienced significant price fluctuations, dipping below $90,000 before rallying past $87,000. While newer investors may feel the pressure, seasoned market participants remain optimistic, citing Bitcoin’s historical resilience. Institutional players are also leveraging the current conditions to bolster their positions, signaling long-term confidence in the cryptocurrency’s potential.

Bitcoin Trades Below $90,000, Veterans Remain Steadfast

Bitcoin is currently trading below the $90,000 mark, testing the patience of recent investors. However, veterans of the cryptocurrency market remain confident, betting on Bitcoin’s historic resilience. Institutions are also taking advantage of the current market conditions to strengthen their positions.

Bitcoin Crosses $87,000 Mark in Strong Comeback

Bitcoin has surpassed the $87,000 threshold, marking its largest gain since late March. The cryptocurrency has bounced back 16% from its yearly low, decoupling from traditional markets like Nasdaq. Bitcoin’s rise aligns with gold as a safe-haven asset against a weakened dollar, confirming a bullish breakout.

Bitcoin Lags Amid US Tariff War Impact

Due to the US tariff war, returns on all investment methods have significantly declined, including global equities, the dollar, cryptocurrencies, and corporate debt. Bitcoin, which hit a new all-time high on Trump’s inauguration day in December 2024, is now languishing below the $90,000 mark. Investors are in a wait-and-watch mode as 90 out of 100 top-performing exchange-traded funds are down in 2025, with an average loss of 13%, due to the impact of tariffs.

Bitcoin Breakout Lifts AI, Memecoins, Underscores Hedge Value

Bitcoin’s decentralized setup empowers individuals by facilitating peer-to-peer transactions without government interference. Reports of President Trump exploring ways to remove Fed Chair Jerome Powell sparked market reactions, selling the dollar and U.S. stock futures. Bitcoin’s censorship-resistant nature resonates strongly amidst these developments.

MicroStrategy Buys 6,556 Bitcoin for $555.8 Million

MicroStrategy has continued its aggressive Bitcoin buying strategy in 2025 and acquired 6,556 BTC for $555.8 million at an average price of $84,785 per Bitcoin. With this latest purchase, the company now owns a total of 538,200 BTC, bought for about $36.47 billion at an average price of $67,766 per coin. So far in 2025, MicroStrategy has achieved a Bitcoin yield of 12.1%.

|Square

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