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Bitcoin is currently experiencing an unprecedented crisis. This strong volatility worries institutional investors. The evidence: some of them are beginning to reassess their exposure to this digital asset. BlackRock CEO Larry Fink even warns of an imminent crash. The price of Bitcoin has just dropped below $85,000. This has resulted in a colossal loss of $1 trillion in just one month. This brutal drop of BTC recalls the worst periods of the crypto market, thereby reviving fears of a massive collapse similar to that of 2022. The value of Bitcoin had fallen from $69,000 to $15,000 in one year. According to experts, this plunge is explained by several factors, including: The increasing correlation between BTC and the stock market is also a topic of debate. Once considered a safe haven, the leading cryptocurrency now seems to follow the trends of tech stocks. BlackRock CEO Larry Fink raises the alarm about the risks posed by the drop in bitcoin prices for the global financial system. During an intervention at the CeraWeek conference, he stated: The volatility of cryptocurrencies is a major problem. The more they integrate into traditional markets, the more they amplify systemic risks. In this regard, BlackRock is already revising its strategy regarding its bitcoin ETFs. The decline in institutional enthusiasm could thus harm the growth of these financial products. Elon Musk is throwing gasoline on the fire by suggesting that cryptocurrencies could enter a speculative bubble that risks bursting abruptly. This is not the first time the Tesla boss has influenced the crypto market. In 2021, his comments on bitcoin and Dogecoin caused significant price fluctuations. Some traders interpret his remarks as a warning sign of a broad financial crisis in which bitcoin could suffer more. Others see it as an attempt to manipulate the market. One thing is certain: investors remain cautious in the face of the billionaire’s statements. According to a recent analysis, the bitcoin derivatives markets are experiencing an explosion of short positions. This concretely means that many traders are betting on further price declines. If this trend continues, a massive liquidation could: The upcoming months are therefore crucial. If institutional investors continue to withdraw from the market, the market capitalization of bitcoin could decrease further. If regulations bring increased stability, however, the flagship crypto asset could rebound. Stay tuned…

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The past few days have seen Bitcoin (BTC) struggling to reclaim key support levels. The dwindling Bitcoin prices have raised concerns among investors, and several analysts are speculating about market manipulation by billionaires. In an X post , David Wolfe, a crypto trader, detailed how billionaires are manipulating the market for their gains. He posted a video about billionaire Jamie Dimon, CEO of JPMorgan Chase, who promised to fire any of his traders buying Bitcoin. Jamie called Bitcoin a “fraud” and a “bubble” on September 12, 2017, during his appearance at the Delivering Alpha conference. The billionaire’s speech greatly impacted the market, leading to a 24% decline in BTC’s price at the time. This initial comment marked the beginning of his highly publicized skepticism toward Bitcoin. Shockingly, Jamie reportedly turned out to be the largest buyer of Bitcoin that weekend. This purchase implied Jamie manipulated the market to accumulate Bitcoin at lower prices. The idea is that as prices climb higher, he would sell his BTC stash to accumulate huge profits. Wolfe pointed out that billionaires are currently manipulating the price of Bitcoin in almost similar ways. “How billionaires manipulate crypto (and almost every other market). This is happening in crypto now,” says Wolfe. He added that some billionaires plan to drive BTC towards the $60,000 range to buy it all up. According to Wolfe, the main aim is to seize control of Michael Saylor’s MicroStrategy stock. Meanwhile, Saylor remains a strong BTC proponent. As highlighted in our previous article, Saylor announced plans to raise $2 billion through convertible notes to purchase more BTC. Saylor has also encouraged tech giants like Amazon and Microsoft to use Bitcoin to preserve cash reserves. Wolfe’s statement has sparked mixed reactions from the crypto community. While some agree with him, others disagree that market manipulation is a myth. The price of BTC dropped drastically in February, trading as low as $79,000 on February 28. The price soon increased in the first week of March after President Donald Trump released a crypto reserve executive order. This rally only lasted a while, and the price of BTC soon dropped below $80,000 again. As noted in our earlier post, the price drop comes as Japan’s yen strengthens alongside rising government bond yields. At the moment, BTC has jumped above this mark, trading at $82,433 following a 0.86% increase in the last 24 hours. Bitcoin traded as high as $83,479 the day before dropping to current levels. However, the trading volume has decreased by 20.9% to $47.1 billion, suggesting investors’ dwindling interest. Now that the yen rally has faded, the market anticipates a renewed risk-on sentiment that would benefit Bitcoin.