#MarketPullback

In April 2025, the cryptocurrency market experienced a significant pullback, with Bitcoin (BTC) declining nearly 20% from its March peak of $94,000 to around $76,000. This downturn was influenced by several factors:

• Profit-taking: Following the announcement of a U.S. Strategic Bitcoin Reserve, investors capitalized on gains, leading to a sell-off.

• Regulatory uncertainties: The repeal of certain U.S. crypto regulations introduced ambiguity, causing institutional investors to hesitate.

• Macroeconomic concerns: Rising inflation, interest rates, and new tariffs increased market volatility, prompting a shift away from riskier assets like cryptocurrencies.

Despite these challenges, some analysts remain optimistic. Standard Chartered’s Geoff Kendrick predicts Bitcoin could reach $120,000 in Q2 2025, citing increased institutional interest and its appeal as a safe-haven asset.