Bitcoin is heading towards its worst year since 2018.

Notable Developments in Bitcoin

Bitcoin price is approaching $90,000, providing short-term support to the cryptocurrency market. However, analysts indicate that this rise does not signify a significant recovery.

The total market capitalization of the cryptocurrency market has surpassed $3 trillion. Nevertheless, experts suggest that this renewed rise is due to exhaustion, representing only a short rebound rather than renewed confidence.

Bitcoin is still approximately 30% below its peak in 2025. The market remains vulnerable to sudden reversals, especially during U.S. trading hours.