Bitcoin hits four-month low at $76,700 with signs of potential recovery.

From Cointelegraph
March 11, 2025 01:20:00 PM:

Bitcoin (BTC) hits four-month low at $76,700, following 6% drop in S&P 500. Stock market correction signals global economic downturn fears. Despite 30% drop from all-time high, indicators suggest correction may be ending. Analysts debate whether Bitcoin is in bear market, comparing current price action to previous crashes.

Bitcoin derivatives market healthy, with annualized futures premium at 4.5%. Funding rate near zero shows balanced leverage demand between longs and shorts. Investor sentiment turns bearish, with AI sector seeing sharp declines in market values. Concerns rise over potential US government shutdown on March 15, affecting risk-on markets like Bitcoin.

Real estate crisis could drive capital into scarce assets. Home contract signings hit all-time low in January, FHA-insured loans over 90 days past due surpass 2008 subprime crisis peak. Weak US dollar, historical evidence, healthy BTC derivatives market, government shutdown risks, real estate crisis all support Bitcoin reclaiming $90,000.

Read more at Cointelegraph: 4 signs that $76.7K Bitcoin is probably the ultimate low