NewsBTC •
March 22, 2026 at 08:40 •
Analysis
The Bitcoin market commenced an extended bearish phase in October 2025, after an initial flash crash triggered a 19% decline from the present all-time high at $126,000. In the subsequent months, Bitcoin would experience a steady loss combined with major drawdown moments, eventually pulling its price to a local bottom of $60,000, before entering a mid-term consolidation phase. In the last month, Bitcoin has shown a moderate recovery with a net gain of 4.89%, with prices trading as high as $75,000. While this recent performance may be indicative of a stabilizing market, recent data on the correlation between the premier cryptocurrency and the S&P 500 has presented new bearish concerns. Related Reading: Bitcoin Market Caution Rises After Failed Breakout: Glassnode Data...
