Bitcoin price stabilizes near $83K as investors monitor S&P 500 recovery

From Cointelegraph

March 4, 2025 12:49:09 PM:

Bitcoin’s recent volatility reflects market overreactions, with a 6.5% S&P 500 drop since Feb. 19. Traders shift to cash and short-term bonds, with US 2-year Treasury yield at 5-month low. Bitcoin futures maintain a stable 6.5% premium, showing confidence. Options pricing remains balanced, with low demand for protective puts. Senator predicts state Bitcoin reserves ahead of federal government approval.

State Bitcoin reserves bill in Utah progresses. Traditional market sentiment impacts Bitcoin’s momentum. Concerns arise over potential US economic slowdown and commercial real estate risks. Bitcoin’s dip tied to investors pulling out of riskier assets, impacting institutional demand. Bitcoin’s price may stay below $90,000 until a normal S&P 500 correction occurs, with low risk of a significant drop per derivatives data.

Read more at Cointelegraph: Bitcoin price stabilizes near $83K as investors eye S&P 500 recovery