Bitcoin plunged below $85,000 in March 2025, dragging Cardano down with it in a market-wide bloodbath. The crash marked a brutal 30% decline from January’s all-time high of $109,000, making it Bitcoin’s worst monthly performance in 11 years.
Binance saw massive exchange inflows—a classic warning sign. Not exactly subtle.
The market meltdown came after a perfect storm of bad news. The SEC’s surprise reclassification of meme coins as collectibles spooked investors. President Trump’s tariff announcement didn’t help either. After the extended bull run of 2024-2025, many decided to cash out. Can’t blame them. Profit is profit.
Cardano took it on the chin. ADA followed Bitcoin’s downward spiral with DeFi protocols on its network experiencing substantial liquidity outflows. The ADA/BTC trading pair went haywire. Community forums lit up with concerns about Cardano’s future. Historical patterns suggest this correction may not end the overall bull market, as Bitcoin has previously survived drops greater than 32% without derailing long-term uptrends. Things looked grim. This happened despite the SEC’s earlier acknowledgment of ADA ETFs, which had been seen as a major positive for the project.
MicroStrategy, meanwhile, sat on a dragon’s hoard of over 200,000 BTC. Despite the crash, they remained in the green with an average purchase price of $30,000. CEO Michael Saylor, ever the Bitcoin maximalist, doubled down on his bullish stance. The company even hinted at buying more at these “discount” prices. Classic Saylor move.
The broader market sentiment turned ice cold. The Fear and Greed Index plummeted to “Extreme Fear,” while crypto-related social media chatter jumped 15%. Everyone had an opinion. Trading volumes exploded as panic set in. Stablecoins became the new safe haven.
Not all news was bad. The White House scheduled a Crypto Summit for March 7, and the SEC dropped several high-profile lawsuits against exchanges. Some analysts noted that the Bitcoin crash was occurring almost a year after the April 2024 halving, which historically tends to precede significant price movements. President Trump even made noise about US crypto leadership. Small mercies.
Analysts predict a potential rebound to $92,000 this month. Institutional interest remains strong, with BlackRock incorporating Bitcoin ETFs into model portfolios. Technical indicators suggest oversold conditions.
But in crypto, predictions are worth exactly what you pay for them—nothing.
