Bitcoin rebounds to $88k amid market volatility
The Bitcoin Volmex Implied Volatility 30-Day Index extended its four-day green streak, reflecting heightened price swings as President Donald Trump’s tariffs unsettled global markets.
Bitcoin (BTC) rose 3% to $87,972, pushing the total crypto market capitalization back above $3 trillion. Altcoins posted modest recoveries, with XRP reclaiming its position over Tether (USDT) while Solana (SOL) and Cardano (ADA) slightly shrugged off the selloff.
Publicly traded Bitcoin holders, including Coinbase and Strategy, also saw gains on March 4, rising 4% and 10%, respectively. However, it remains uncertain whether Bitcoin will surge past $90,000, as momentum had faded by publishing time.
Analysts predict higher end-of-year prices but expect volatility and potential bigger drawdowns in the near term.
Experts such as Fundstrat’s Tom Lee and institutions like Standard Chartered forecast Bitcoin prices between $150,000 and $250,000 before 2026. However, in the short term, Bitcoin could decline another 24%, potentially falling below $70,000 to establish a cycle bottom.
Meanwhile, U.S. indices like the Dow Jones, S&P 500, Nasdaq Composite, and NYSE Composite staggered amid trade wars. Canada’s government threatened to respond to President Donald Trump’s 25% tariffs with similar policies.
Leading tech stocks, including Nvidia and Microsoft, had posted gains before tensions flared between Trump and Canadian Prime Minister Justin Trudeau over trade policy.
