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 is not a significant recovery signal.

The total market capitalization of cryptocurrencies has exceeded $3 trillion. Nevertheless, experts express that this renewed rise is due to exhaustion, and not a renewed confidence, characterizing it merely as a short rebound.

Bitcoin is still approximately 30% below its peak in 2025. The market is particularly vulnerable to sudden reversals during United States trading hours.