Bitcoin Steadies at $84K: Market Recovery Begins Amid Lingering Fears

INSUBCONTINENT EXCLUSIVE:
The cryptocurrency market is showing signs of stabilization this morning after experiencing a notable pullback in the previous trading
session.Current prices indicate a slight recovery across most major cryptocurrencies, with Bitcoin trading at $84,258.80, up 0.29% in the
last 24 hours.The crypto market experienced a significant correction on March 21, with the global market capitalization settling at
approximately $2.75 trillion, down nearly 2% from previous levels.This pullback followed a short-lived rally earlier in the week, largely
fueled by Federal Reserve policy announcements.The market sentiment remains cautious, as reflected in the Fear - Greed Index, which dropped
to 26 yesterday, indicating widespread fear among investors.Trading volume has also declined substantially, with a drop of approximately 28%
to $75.32 billion across all cryptocurrencies.Bitcoin Steadies at $84K: Market Recovery Begins Amid Lingering Fears
anticipated new crypto policy announcements or executive orders, but none materialized, leading to a loss of bullish momentum.Bitcoin had
reached a high of $86,444 earlier in the week before losing momentum and dropping to as low as $83,709.Other major cryptocurrencies followed
According to Farside Investors, on March 21, 2025, the total net flow for Bitcoin ETFs was $83.1 million, primarily driven by an inflow of
$105 million into the IBIT ETF, while the GBTC ETF experienced a significant outflow of $21.9 million.This follows a difficult period for
Bitcoin ETFs, which have seen substantial volatility in flows during 2025
Between January and February, ETFs recorded $5.7 billion in inflows, only to face a sharp $5.3 billion sell-off afterward.However, since
March 14, consecutive days of inflows have pushed year-to-date net inflows to over $600 million.Technical AnalysisBitcoin is currently
consolidating near the $84,000 level, finding support above the psychological $80,000 mark.The cryptocurrency needs to maintain this level
to prevent further declines, as a break below could trigger a deeper correction.XRP is trading within a symmetrical triangle pattern with
key support at $2.39 (50-day EMA) and resistance at $2.51
A decisive break above $2.51 would signal bullish momentum with targets at $2.62 and $2.71.Ethereum is struggling to reclaim the crucial
$2,000 level, which remains an important psychological barrier.Maintaining its position above this threshold will be crucial for stabilizing
market sentiment in the altcoin sector.Market OutlookThe cryptocurrency market seems to be at a critical juncture as Q1 2025 nears its end
The market capitalization has declined substantially from its January 1 level of approximately $3.20 trillion.This represents a significant
setback from earlier projections that the market would reach $4 trillion by the end of Q1.Long positions on Bitfinex have reached a
six-month high, suggesting underlying bullish sentiment despite the recent correction.However, analysts caution that a break below $80,000
for Bitcoin could trigger a deeper market-wide correction.As we move into the weekend, market participants will be closely monitoring
reclaim the $90,000 region.Bitcoin Steadies at $84K: Market Recovery Begins Amid Lingering Fears