Bitcoin Dips to $121K While Bullish Momentum Holds Strong Amid Macroeconomic Uncertainty

Bitcoin's temporary retreat to $121,000 hasn't shaken the underlying bullish conviction—proving once again that crypto markets dance to their own rhythm while traditional finance scrambles for explanations.

The Unshakeable Foundation

Despite the pullback, all technical indicators scream accumulation phase. Institutional money continues flowing into spot BTC ETFs while retail FOMO hasn't even begun—this isn't a top, it's a reload.

Macro Fog Can't Dim Crypto's Glow

While traditional investors obsess over Fed minutes and inflation prints, Bitcoin's network fundamentals hit new records daily. Hash rate climbs, Lightning Network capacity expands, and developer activity surges—meanwhile, your bank still charges $35 for overdrafts.

The Institutional Tidal Wave

Corporate treasuries now treat Bitcoin like digital gold 2.0, with public companies holding over 1.5% of the total supply. They're not selling this dip—they're stacking more while Wall Street analysts scratch their heads.

Retail's Sleeping Giant

Google search volume for "Bitcoin" remains 60% below 2021 levels. When mom-and-pop investors finally wake up, this $121K price will look like pocket change compared to what's coming.

So the suits can keep worrying about yield curves and GDP prints—smart money knows Bitcoin's next leg up will happen whether the Fed cuts rates or not. Sometimes the trade is just that simple.

The Bombay High Court ruled in favor of CoinSwitch, allowing it to secure stolen crypto assets held on the WazirX platform after a $234 million hack in July 2024. The court dismissed WazirX operator Zanmai Labs’ challenge to an arbitration order requiring them to provide bank guarantees to protect investors’ claims. This decision supports CoinSwitch’s ownership of its assets stored on WazirX and enforces protections for users affected by the cyberattack.