Is BTC Still the Best Crypto to Use Following Recent Price Drop?

March 18, 2025 by Vaigha Varghese

Bitcoin’s dramatic price rollercoaster has left many investors questioning its throne as the king of cryptocurrencies. After reaching an eye-popping peak of $109,225 in January 2025, Bitcoin tumbled over 20%, briefly testing the $76,700 level in March. As of March 13, 2025, it’s showing signs of life at $83,169—but still far from its glory days of early 2025. Is this just another bump in the road, or should crypto enthusiasts be looking elsewhere?

Bitcoin’s Spectacular Rise in Early 2025

Bitcoin kicked off 2025 with explosive momentum, riding high on the inauguration of Donald Trump’s second presidential term and expectations of crypto-friendly policies. The number of platforms that accept digital payments has expanded dramatically, with major retailers, payment processors, and even some government services now embracing Bitcoin transactions. This growing mainstream adoption, combined with unprecedented institutional interest, pushed digital gold to its January 20th peak of $109,225. The celebration was short-lived as market dynamics soon shifted toward correction territory.

Market Correction and Security Concerns

By February, cracks began to show as Bitcoin slipped to $92,500, with investors taking profits amid growing concerns over U.S. trade policies. The situation deteriorated rapidly, with Bitcoin officially entering bear market territory on February 25th as it dropped below $86,000. This coincided with a shocking $1.6 billion in liquidations over a single 24-hour period—a clear sign that market sentiment had shifted dramatically.

The pain intensified when hackers stole $1.4 billion from a major cryptocurrency exchange on February 28th, sending shockwaves through the market and pushing Bitcoin down to $83,500. March brought little relief as prices crashed below $80,000, eventually testing $76,700 on March 11th – its lowest point since November 2024.

Ethereum (ETH) at a Make-or-Break Level

While Bitcoin struggles to regain its footing, Ethereum presents an attractive alternative for crypto investors. With a market cap of $230.75 billion, Ethereum is at a make-or-break level in its development cycle. Unlike Bitcoin’s limited functionality, Ethereum powers smart contracts, NFTs, and decentralized applications while transitioning to a more energy-efficient system. These technological advantages give Ethereum practical utility beyond storing value, potentially positioning it better for future blockchain applications.

Dogecoin Price Prediction

Created as a joke, Dogecoin has evolved into a serious contender with a market cap of $23.97 billion. Its devoted community and growing acceptance as a payment method have contributed to its surprising resilience in the volatile crypto market.

Dogecoin’s price movements might continue to be influenced by social media attention and celebrity endorsements rather than fundamentals. Its unlimited supply contrasts sharply with Bitcoin’s capped 21 million coins, presenting both opportunities and challenges for long-term value retention.

Is Bitcoin Still King?

Despite recent struggles, Bitcoin maintains advantages with unmatched brand recognition, network effects, and trust built over 15+ years. Its fixed supply cap positions it as a hedge against inflation, while mainstream acceptance grows through ETFs and business adoption. 
Bitcoin’s seven transactions per second limit makes it impractical for everyday use, opening opportunities for alternatives like Litecoin, Solana, and Ripple. Bitcoin currently trades at $83,169 which is significantly below its peak value and could serve as a favorable buying opportunity for investors with a long-term perspective.