On March 12, analyst Omkar Godbole noted that Bloomberg predicted Bitcoin could fall to $10,000, but the industry considered this forecast unreasonable. The Deribit platform showed that approximately $800 million in put options are concentrated at $20,000, with some traders preparing for a possible crash. Despite external market volatility, Bitcoin remained around $70,000, demonstrating resilience. Analysis indicated that market consolidation could lay the foundation for subsequent price movements.

Ripple's XRP (XRP +0.02%) has struggled to hold onto the $1.50 price level for much of the past month and now trades for about $1.37 (as of March 11). It has fallen by more than 60% since reaching a record high of $3.65 in July 2025. To some extent, its decline mirrors that of other