Bitcoin is heading towards its worst year since 2018.

Noteworthy 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 sign of recovery.

The overall cryptocurrency market capitalization has surpassed $3 trillion. Nevertheless, experts express that this renewed rise originates from exhaustion, not renewed confidence, and is merely a short rebound.

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