The Bitcoin price remains under pressure and has suffered significant losses since its record high in January. But while crypto stocks have been dragged down, analysts see the correction as a possible entry opportunity.
Bitcoin in reverse: risk of a bear market
The Bitcoin price briefly fell to 85,341 US dollars on the Bitstamp trading platform in the last week of February, the lowest level since mid-November 2024.
Since the record high of over 109,000 US dollars achieved in January, Bitcoin has lost around 24 percent of its value. From a technical market perspective, it is in a bear market, which indicates that prices will continue to fall over a longer period of time.
The original cryptocurrency was last worth around 82,492.69 US dollars (as of March 10, 2025).
The latest wave of selling accelerated at the end of February when the price fell below the 90,000 US dollar mark. This particularly affected leverage traders who had bet on rising prices and were then forced to close their positions, which further increased the selling pressure.
According to expert Timo Emden from Emden Research, Bitcoin and other cryptocurrencies are still under pressure – particularly due to the trade conflicts. Investors fear new punitive tariffs from US President Donald Trump, which is weighing on the general appetite for risk. In addition, disappointment over the lack of progress in the introduction of strategic Bitcoin reserves in the USA is causing additional uncertainty.
Crypto stocks also affected
But it is not just Bitcoin that has been under pressure since then. Various crypto stocks have also been affected by the digital currency’s series of losses.
The selling pressure was further increased after hackers stole digital assets worth US$1.5 billion from the Dubai-based crypto platform Bybit in a serious security breach a week earlier, which further weighed on market sentiment.
Coinbase shares have lost 20.78 percent to US$217.45 in the past four weeks. Meanwhile, Strategy (formerly MicroStrategy) shares fell by 12.33 percent to $287.18, while Riot Platforms shares fell by 28.09 percent to $8.37 (as of March 7, 2025).
An opportunity to get into crypto stocks?
Despite these losses, however, some analysts see the current market correction as an opportunity to get into the market, as BARRON’s reports. The US Securities and Exchange Commission (SEC) recently closed its investigations into Coinbase and Robinhood, and with the new SEC chief Paul Atkins, a crypto-friendly candidate of Donald Trump, the regulatory pressure could ease further. Oppenheimer analyst Owen Lau sees this as the end of tough regulation and expects positive effects on the entire industry. His price target for Coinbase is $388. Steven Nie of Daiwa Capital Markets is even more optimistic, expecting a strong recovery in the stock with a price target of $400.
But it’s not just trading platforms that could benefit from a market recovery, but also Bitcoin miners, who generate income by mining new coins. Shares of mining companies such as Riot Platforms, MARA Holdings, Core Scientific and CleanSpark have suffered significant losses this year. Analyst Brett Knoblauch of Cantor Fitzgerald rates all four as “overweight” and continues to see a bull market for Bitcoin that could last up to 16 months.
In addition, Bitcoin miners are beginning to position themselves more broadly and are increasingly using their high-performance data centers for artificial intelligence. This infrastructure, equipped with modern cooling systems and cheap energy sources, could ideally support AI data centers, explains Prakash Vijayan of Driehaus Capital Management.
While Bitcoin and crypto stocks remain volatile, the SEC’s withdrawal from strict crypto regulation could provide long-term stability. Coinbase, Robinhood and leading Bitcoin miners in particular could therefore benefit from a recovery in cryptocurrencies.
Image by Mohamed Hassan from Pixabay
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