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As of March 16, 2025, Bitcoin (BTC) is trading at approximately $83,327. This reflects a slight decrease of 1.22% from the previous close.
Recent market analyses suggest that Bitcoin's current downturn may be a temporary "shakeout" rather than the end of its four-year cycle, indicating potential for future growth.
In regulatory developments, the United States has established a Strategic Bitcoin Reserve to manage its digital asset holdings, signaling increased institutional interest in Bitcoin.
Please note that the cryptocurrency market is highly volatile, and it's essential to conduct thorough research and consider your risk tolerance before making any investment decisions.