$BTC As of March 23, 2025, Bitcoin (BTC) is trading at approximately $82,913.37, with a 24-hour trading volume of $22.07 billion. The current market capitalization stands at $1.64 trillion, based on a circulating supply of 19.83 million BTC.

Bitcoin reached an all-time high of $109,114.88 on January 20, 2025. This surge was influenced by President Trump's pro-crypto stance, including the establishment of a strategic Bitcoin reserve, which boosted market confidence.

However, recent market analyses suggest potential challenges ahead. Despite a brief rebound to over $87,000 following the Federal Reserve's meeting, uncertainties surrounding macroeconomic conditions, particularly related to President Trump's tariff policies, maintain downside risks for Bitcoin. Technical assessments indicate that Bitcoin could fall towards $70,000 before any potential rally.

Betting markets also reflect a cautious outlook, predicting that Bitcoin has likely peaked for the year 2025. A Polymarket bet indicates a 61% chance that Bitcoin will hit $110,000 in 2025, but there's little confidence beyond that mark. The majority expect it to dip around $70,000, with even gloomier predictions on the Kalshi exchange seeing it bottom around $64,000.

In summary, while Bitcoin has experienced significant growth, reaching new highs earlier this year, current market conditions and analyses suggest potential volatility ahead.