Bitcoin $77K correction is part of a bull market, analysts say
Bitcoin’s recent drop to $77,000 is a natural correction within the ongoing bull market, according to analysts at Nansen and other crypto experts. Despite concerns from investors, this retracement is seen as part of a broader macroeconomic adjustment rather than an early bear market signal.
Over the past week, Bitcoin fell over 14%, dipping to around $80,708. The decline followed investor disappointment after President Donald Trump’s March 7 executive order, which outlined a Bitcoin reserve plan but did not include direct federal Bitcoin investments. This lack of immediate institutional support contributed to short-term market uncertainty.
According to Aurelie Barthere, principal research analyst at Nansen, the crypto market is undergoing a “macro correction” as part of the broader bull cycle. She noted that many cryptocurrencies have broken key support levels, making short-term price movements harder to predict. However, Bitcoin remains in a corrective phase within its larger uptrend, with key support around $71,000–$72,000.
Barthere emphasized that the market is factoring in economic uncertainties, such as tariff policies and fiscal cuts, while fears of a potential recession are also surfacing. Despite this, she maintains that the bull market structure is intact.
Other analysts, including Iliya Kalchev from digital asset investment platform Nexo, also foresee a deeper retracement to the low $70,000 range. This correction, while steep, could provide a stronger foundation for a more sustainable recovery.
Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, echoed this sentiment, calling the $70,000 correction “normal” for a bull market. In a March 11 post on X, he advised patience, predicting that Bitcoin would likely bottom around $70,000 before resuming its upward trajectory. Hayes noted that a 36% correction from an eventual $110,000 all-time high would still be well within historical norms for Bitcoin bull cycles.
Hayes also pointed to global monetary policy as a key driver of future Bitcoin price movements. He expects central banks — including the U.S. Federal Reserve, the European Central Bank (ECB), the Bank of Japan (BOJ), and the People’s Bank of China (PBOC) — to adopt quantitative easing policies, which historically boost Bitcoin’s value.
During the last major quantitative easing period, Bitcoin surged over 1,050%, rising from $6,000 in March 2020 to $69,000 by November 2021. If central banks engage in similar policies again, analysts predict Bitcoin could reach $160,000 to $180,000 by late 2025.
Source: Cointelegraph
Trump plans executive order to end crypto banking restrictions
Former U.S. President Donald Trump is preparing a new executive order aimed at lifting banking restrictions on crypto firms. The move seeks to reverse policies collectively referred to as “Operation Choke Point 2.0,” which have limited crypto companies’ access to traditional financial services. Industry leaders believe that removing these barriers could transform the digital asset landscape and allow crypto-friendly banks to thrive.
The initiative forms part of a broader plan to dismantle regulations initially designed for high-risk sectors like payday lending and firearm sales, but later expanded to include crypto firms. Critics argue that these rules unfairly excluded legitimate crypto businesses from essential banking services. Trump’s executive order is expected to instruct regulatory agencies to adopt a more inclusive stance toward the crypto sector.
A key component of the proposal is to grant crypto banks access to Federal Reserve master accounts. These accounts allow direct interaction with the central banking system, bypassing intermediaries. Under the Biden administration, banks like Custodia were repeatedly denied such access. If successful, Trump’s policy could significantly integrate crypto firms into the mainstream financial system.
Despite enthusiasm from the crypto community, the order may face resistance. The Federal Reserve operates independently and is not obligated to follow White House directives. Experts suggest the central bank might resist changes that could impact financial stability and risk oversight.
This would be Trump’s third major crypto-related move since returning to office, following the establishment of a Presidential Working Group on digital assets and the creation of a U.S. Bitcoin reserve. However, market volatility persists, and critics argue these policies haven’t yet improved investor confidence.
Nonetheless, the order has reignited debate about crypto regulation in the U.S. Supporters see it as a path to innovation, while critics warn of potential financial risks if oversight is reduced.
Source: Coinpaprika
Only 4% of the world’s population owns Bitcoin in 2025, report shows
Despite Bitcoin’s increasing popularity, global ownership remains limited. A recent report by Bitcoin financial services firm River reveals that only 4% of the world’s population currently holds Bitcoin (BTC). The highest ownership concentration is in the United States, where approximately 14% of individuals own BTC. North America leads in both individual and institutional adoption, while Africa lags behind with just 1.6%.
The report emphasizes that Bitcoin adoption is significantly higher in developed regions compared to developing ones. River estimates that Bitcoin has reached only 3% of its total adoption potential. This figure reflects a combination of individual ownership rates, institutional underallocation, and Bitcoin’s broader addressable market, including governments and corporations — of which adoption is still minimal (around 1%).
Although Bitcoin has evolved from its cypherpunk origins and was recently recognized as a US government reserve asset, broad global adoption faces several hurdles. Chief among them is a widespread lack of financial and technical education, which continues to foster misconceptions about Bitcoin — such as the belief that it’s a scam or Ponzi scheme.
Another major barrier is Bitcoin’s price volatility, which makes it less attractive as a stable medium of exchange or store of value. This is particularly problematic in developing economies, where people increasingly prefer US dollar stablecoins for their lower volatility and transaction costs.
At the White House Crypto Summit on March 7, US Treasury Secretary Scott Bessent highlighted the growing importance of stablecoins, announcing that the United States will use them to maintain US dollar dominance and protect its role as the global reserve currency.
Overall, Bitcoin’s global penetration remains in its early stages, but the untapped growth potential is considerable as education, infrastructure, and adoption gradually improve.
Source: Cointelegraph