Canadian Crypto Observer

By Aditya Nain on March 18, 2025
Estimated reading time: 6 minutes

By Aditya Nain on March 18, 2025
Estimated reading time: 6 minutes

Bitcoin’s price plummets—should you “buy the dip”? Plus, Canada’s first levered bitcoin and ethereum ETFs are here.

Welcome to the Canadian Crypto Observer. Financial journalist and author Aditya Nain offers perspective on market-moving headlines to help Canadian investors navigate the cryptocurrency market.

The stock market is down—and so is bitcoin. Since December 2024, bitcoin (BTC) has fallen from over $106,000 to under $78,000 in recent days. (All figures in this article are in U.S. dollars.) That’s a 26% drop, most of which has happened in February and March. The decline is likely driven by fear and uncertainty stemming from a global trade war and the resulting possibility of inflation, a recession or both. What does this mean for Canadian investors? Let’s put this in perspective.

We’ve ranked the best crypto exchanges in Canada.

A 26% price drop seems like a lot to investors accustomed to stock market movements, but it’s par for the course in crypto. While a 20% fall in a major stock index like the S&P 500 or the S&P/TSX Composite Index would be considered a bear market, 30% is merely a correction in crypto. BTC corrections shake out investors who can’t afford the volatility in their portfolio. In a full-blown crypto bear market—which has typically come around every three to four years—bitcoin has historically lost over 80% from peak to trough. (Read more about BTC’s bull and bear market cycles.)

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