Bitcoin Stuck Below $85K: What’s Driving the Price Slump?

Despite being the world’s leading cryptocurrency, Bitcoin has been grappling with price stagnation below the crucial $85,000 mark. Following a bearish trend last week, Bitcoin experienced further decline on Friday, March 28th, 2025, closing at $84,379 before plunging even lower to close at $82,608 on the subsequent day. This dip was partly attributed to the expiration of $12.1 billion worth of Bitcoin options on March 28th, which created significant market uncertainty. While a favorable ratio of call-to-put options (0.49) usually suggests healthy market sentiment, the uncertainty surrounding option expirations triggered a negative market reaction, pushing Bitcoin’s price down. Further contributing to this trend is the ongoing trade tensions between the U.S. and other countries, leading investors to shift their investments towards safer assets like gold. These uncertainties have left Bitcoin vulnerable to continued price weakness in early April. Until market conditions stabilize and resolve the underlying anxieties surrounding tariffs, Bitcoin’s chances of breaking past $85,000 remain limited.