The Wall Street spot ETF craze for Bitcoin, followed by President Donald Trump’s historic overtures to the Web3 industry and reelection with a mandate in November, pushed its price to all-time highs.
Bitcoin entered Q4 last year at $60,800 and reached a record high of over $109,000 on Jan. 20th. However, it experienced a significant correction to $85,000 to start off Q2.
The price of Bitcoin exhibited a fast growth, with a 40% increase for those who held it from October 1st to March 31st, raising concerns about its volatility.
Bitcoin's price movements have shown a positive correlation with US stocks, as well as with global orange prices, suggesting macroeconomic factors influencing its value.