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Read expert analysis on what could drive XRP to new highs here.
Bitcoin Snaps Losing Streak as Dip Buyers Step In
While XRP extended its sell-off, bitcoin (BTC) found much-needed support at the end of Q1 2025. MicroStrategy (MSTR) bought the latest BTC dip, boosting demand. Michael Saylor, Chairman of MicroStrategy announced:
“MSTR has acquired 22,048 BTC for ~$1.92 billion at ~$86,969 per bitcoin and has achieved BTC Yield of 11.0% YTD 2025. As of 3/30/2025, MicroStrategy holds 528,185 BTC acquired for ~$35.63 billion at ~$67,458 per bitcoin.
MicroStrategy’s latest purchase countered US BTC-spot ETF outflows.
Institutional Demand Cools Amid Tariff Uncertainty
The US BTC-spot ETF market faces a second day of net outflows on March 31. Concerns about the effects of Trump’s tariff policies on inflation and the US economy impacted flow trends. According to Farside Investors:
- WisdomTree Bitcoin Fund (BTCW) reported net outflows of $32.6 million on March 31.
- ARK 21Shares Bitcoin ETF (ARKB) had net outflows of $23.2 million.
- Bitwise Bitcoin ETF (BITB) saw net outflows of $19.9 million.
Excluding flows from BlackRock’s (BLK) iShares Bitcoin Trust (IBIT), net outflows totaled $75.7 million on March 31, following $93.2 million in outflows on March 28.
Bitcoin Price Outlook: Key Scenarios
On March 30, BTC rose 0.13%, partially reversing Sunday’s 0.36%, closing at $82,512.
However, market gains remained limited amid expectations of further tariff announcements. Potential scenarios include:
- Bearish Scenario: Heightened geopolitical risk, opposition to the Bitcoin Act, or sustained ETF outflows could drag BTC toward $70,000.
- Bullish Scenario: Strong macro data, easing trade tensions, bipartisan support for the Bitcoin Act, and healthy ETF inflows may drive BTC toward $109,312.
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