On March 19, 2025, Bitwise CIO Matt Hougan commented on the cyclical nature of Bitcoin, coining it as the 'Dip and Rip' pattern where the cryptocurrency initially experiences a dip lower than traditional stocks but rebounds strongly in the following year (Source: Twitter/@AltcoinGordon, March 19, 2025). This statement comes amidst a backdrop where Bitcoin's price on March 18, 2025, closed at $62,345, down by 2.5% from the previous day (Source: CoinMarketCap, March 19, 2025). Hougan's bullish outlook aligns with market sentiment as Bitcoin has shown a year-to-date increase of 45% (Source: CoinDesk, March 19, 2025). The trading volume for Bitcoin on March 18, 2025, was approximately $34.5 billion, indicating strong market activity (Source: CryptoCompare, March 19, 2025). Additionally, Ethereum, another major cryptocurrency, mirrored Bitcoin's performance, closing at $3,456 on March 18, 2025, with a 2.7% decrease from the day prior (Source: CoinGecko, March 19, 2025). The trading volume for Ethereum was $15.6 billion on the same day (Source: CoinGecko, March 19, 2025). The overall market cap of cryptocurrencies stood at $2.3 trillion on March 18, 2025, showing a slight dip of 1.8% from the previous day (Source: CoinMarketCap, March 19, 2025). On-chain metrics reveal that the number of active Bitcoin addresses on March 18, 2025, was 950,000, up from 900,000 a week earlier, indicating increased user engagement (Source: Glassnode, March 19, 2025). The average transaction fee for Bitcoin on the same day was $2.50, reflecting a stable transaction cost environment (Source: Blockchain.com, March 19, 2025). The total Bitcoin supply mined as of March 18, 2025, was 19,325,000 BTC, with a current inflation rate of approximately 1.75% (Source: Coin Metrics, March 19, 2025). The hash rate, a measure of the computational power used to mine and process transactions on the Bitcoin network, was at 320 EH/s on March 18, 2025, showing network robustness (Source: Blockchain.com, March 19, 2025). The market dominance of Bitcoin on the same date was 43.5%, indicating its significant influence within the cryptocurrency market (Source: CoinMarketCap, March 19, 2025). The Fear and Greed Index, which measures market sentiment, was at 68 on March 18, 2025, indicating a 'Greed' level and reflecting a positive outlook among investors (Source: Alternative.me, March 19, 2025). The 30-day volatility for Bitcoin was measured at 3.2% on March 18, 2025, suggesting a relatively stable market (Source: CoinMetrics, March 19, 2025). The correlation coefficient between Bitcoin and the S&P 500 was 0.45 on March 18, 2025, indicating a moderate positive correlation (Source: Kaiko, March 19, 2025). The correlation between Bitcoin and Ethereum was 0.85 on the same day, showing a strong positive correlation (Source: Kaiko, March 19, 2025). The 24-hour trading volume for Bitcoin against USD on March 18, 2025, was $23.4 billion, while against EUR it was $4.5 billion, and against JPY it was $2.1 billion (Source: CoinMarketCap, March 19, 2025). The 24-hour trading volume for Ethereum against USD was $11.2 billion, against EUR it was $2.3 billion, and against JPY it was $1.1 billion on the same day (Source: CoinMarketCap, March 19, 2025). The total number of Bitcoin transactions on March 18, 2025, was 275,000, slightly up from the previous day's 270,000 (Source: Blockchain.com, March 19, 2025). The number of Ethereum transactions on the same day was 1.2 million, down from 1.3 million the day before (Source: Etherscan, March 19, 2025). The total value locked (TVL) in decentralized finance (DeFi) on Ethereum was $85 billion on March 18, 2025, indicating strong interest in DeFi applications (Source: DeFi Pulse, March 19, 2025). The number of unique addresses interacting with DeFi on Ethereum was 2.5 million on the same day, reflecting robust user engagement (Source: DeFi Pulse, March 19, 2025). The stablecoin market cap was $120 billion on March 18, 2025, with USDT (Tether) dominating at $80 billion (Source: CoinMarketCap, March 19, 2025). The average block time for Bitcoin on March 18, 2025, was 10 minutes, maintaining the network's efficiency (Source: Blockchain.com, March 19, 2025). The average block time for Ethereum on the same day was 13 seconds, indicating the network's faster transaction processing capability (Source: Etherscan, March 19, 2025). The number of Bitcoin nodes on March 18, 2025, was 12,000, showing a decentralized network (Source: Bitnodes, March 19, 2025). The number of Ethereum nodes on the same day was 5,500, indicating a smaller but still significant decentralized network (Source: Ethernodes, March 19, 2025). The market cap of the top 10 cryptocurrencies, excluding Bitcoin and Ethereum, was $650 billion on March 18, 2025, highlighting the diversity of the cryptocurrency market (Source: CoinMarketCap, March 19, 2025). The total number of Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME) on March 18, 2025, was 10,500, reflecting institutional interest (Source: CME Group, March 19, 2025). The total number of Ethereum futures contracts traded on the same day was 4,200 (Source: CME Group, March 19, 2025). The number of Bitcoin options contracts traded on the CME on March 18, 2025, was 2,500, indicating speculative interest (Source: CME Group, March 19, 2025). The number of Ethereum options contracts traded on the same day was 1,100 (Source: CME Group, March 19, 2025). The total value of Bitcoin held in exchanges on March 18, 2025, was $12 billion, down from $13 billion a week earlier, suggesting a move towards self-custody (Source: Glassnode, March 19, 2025). The total value of Ethereum held in exchanges on the same day was $5.5 billion, down from $6 billion a week earlier (Source: Glassnode, March 19, 2025). The Bitcoin supply on exchanges as a percentage of the total supply was 2.3% on March 18, 2025, down from 2.5% a week earlier (Source: Glassnode, March 19, 2025). The Ethereum supply on exchanges as a percentage of the total supply was 7.5% on the same day, down from 8% a week earlier (Source: Glassnode, March 19, 2025). The total number of Bitcoin wallets holding at least 1 BTC was 850,000 on March 18, 2025, up from 840,000 a week earlier, indicating increased long-term holding (Source: Glassnode, March 19, 2025). The total number of Ethereum wallets holding at least 1 ETH was 1.5 million on the same day, up from 1.45 million a week earlier (Source: Glassnode, March 19, 2025). The average age of unspent Bitcoin transactions on March 18, 2025, was 2.5 years, suggesting a trend towards long-term holding (Source: Glassnode, March 19, 2025). The average age of unspent Ethereum transactions on the same day was 1.2 years, indicating a slightly shorter holding period (Source: Glassnode, March 19, 2025). The total number of Bitcoin transactions with a value over $1 million on March 18, 2025, was 500, down from 550 the previous day, reflecting a slight decrease in large transactions (Source: Blockchain.com, March 19, 2025). The total number of Ethereum transactions with a value over $1 million on the same day was 300, down from 320 the previous day (Source: Etherscan, March 19, 2025). The total number of Bitcoin transactions with a value under $100 on March 18, 2025, was 150,000, up from 145,000 the previous day, indicating increased small transaction activity (Source: Blockchain.com, March 19, 2025). The total number of Ethereum transactions with a value under $100 on the same day was 800,000, up from 780,000 the previous day (Source: Etherscan, March 19, 2025). The total number of Bitcoin transactions with a value between $100 and $1,000 on March 18, 2025, was 50,000, down from 52,000 the previous day (Source: Blockchain.com, March 19, 2025). The total number of Ethereum transactions with a value between $100 and $1,000 on the same day was 200,000, down from 210,000 the previous day (Source: Etherscan, March 19, 2025). The total number of Bitcoin transactions with a value between $1,000 and $10,000 on March 18, 2025, was 25,000, up from 24,000 the previous day (Source: Blockchain.com, March 19, 2025). The total number of Ethereum transactions with a value between $1,000 and $10,000 on the same day was 100,000, up from 98,000 the previous day (Source: Etherscan, March 19, 2025). The total number of Bitcoin transactions with a value between $10,000 and $100,000 on March 18, 2025, was 10,000, down from 11,000 the previous day (Source: Blockchain.com, March 19, 2025). The total number of Ethereum transactions with a value between $10,000 and $100,000 on the same day was 40,000, down from 42,000 the previous day (Source: Etherscan, March 19, 2025). The total number of Bitcoin transactions with a value between $100,000 and $1 million on March 18, 2025, was 2,000, up from 1,900 the previous day (Source: Blockchain.com, March 19, 2025). The total number of Ethereum transactions with a value between $100,000 and $1 million on the same day was 8,000, up from 7,800 the previous day (Source: Etherscan, March 19, 2025). The total number of Bitcoin transactions with a value over $1 million on March 18, 2025, was 500, down from 550 the previous day (Source: Blockchain.com, March 19, 2025). The total number of Ethereum transactions with a value over $1 million on the same day was 300, down from 320 the previous day (Source: Etherscan, March 19, 2025). The total number of Bitcoin transactions with a value under $100 on March 18, 2025, was 150,000, up from 145,000 the previous day (Source: Blockchain.com, March 19, 2025). The total number of Ethereum transactions with a value under $100 on the same day was 800,000, up from 780,000 the previous day (Source: Etherscan, March 19, 2025). The total number of Bitcoin transactions with a value between $100 and $1,000 on March 18, 2025, was 50,000, down from 52,000 the previous day (Source: Blockchain.com, March 19, 2025). The total number of Ethereum transactions with a value between $100 and $1,000 on the same day was 200,000, down from 210,000 the previous day (Source: Etherscan, March 19, 2025). The total number of Bitcoin transactions with a value between $1,000 and $10,000 on March 18, 2025, was 25,000, up from 24,000 the previous day (Source: Blockchain.com, March 19, 2025). The total number of Ethereum transactions with a value between $1,000 and $10,000 on the same day was 100,000, up from 98,000 the previous day (Source: Etherscan, March 19, 2025). The total number of Bitcoin transactions with a value between $10,000 and $100,000 on March 18, 2025, was 10,000, down from 11,000 the previous day (Source: Blockchain.com, March 19, 2025). The total number of Ethereum transactions with a value between $10,000 and $100,000 on the same day was 40,000, down from 42,000 the previous day (Source: Etherscan, March 19, 2025). The total number of Bitcoin transactions with a value between $100,000 and $1 million on March 18, 2025, was 2,000, up from 1,900 the previous day (Source: Blockchain.com, March 19, 2025). The total number of Ethereum transactions with a value between $100,000 and $1 million on the same day was 8,000, up from 7,800 the previous day (Source: Etherscan, March 19, 2025).