Bitcoin experienced a 12% drop to $83,600 in 48 hours, resulting in a 35% increase in trading volume.
Institutional holdings of Bitcoin have reached $48 billion, indicating strong confidence in its long-term value and stability.
Despite the recent decline, key indicators and on-chain activity suggest that the bull cycle for Bitcoin is still intact.
U.S. crypto regulations and the inclusion of XRP in the Strategic Reserve could impact the market's trajectory and serve as a catalyst for Bitcoin's next price increase.