As the price drops, the market cap of Bitcoin goes below $900b. Bitcoin is trading around $ 47,000, and it affected the market cap. Meanwhile, Grayscale Bitcoin Trust trades at a -11.92% discount which is record low.\r\n\r\n\r\n\r\nThe recent price drop affected the market capitalization of Bitcoin. Ten days before total market capitalization of Bitcoin was higher than $1 trillion. As a result of the price drop from $58k to $47k, the market cap melted below\u00a0$900 billion.\u00a0\r\n\r\nYesterday Bitcoin bounced from $48k to $52k. This rise kept Bitcoin above the $900b market cap. However, the surge did not take long, and at the end of the day price increase faded away. According to the well-known crypto analyst Lark Davis, there will be a dip in price if BTC doesn't increase steadily. Given that yesterday's price surge did not take long, then there will be another dip which we are in now, and after that, Bitcoin will be bullish again soon. \r\n\r\nAt the time of writing, the market capitalization of Bitcoin was $ 887 billion. Bitcoin is trading at around $ 47,800.\r\n\r\n\r\nGrayscale Bitcoin Trust ($GBTC) Is Trading at Discount\r\nThe Grayscale Bitcoin trust shares ($GBTC) currency is trading below the market price of Bitcoin. Grayscale shares sold at a discount price eight days out of the last 10. According to Glassnode, shares sold at a -11.92% discount on March 4th.\r\n\r\n$GBTC is trading at a -11.92% discount \u2013 record low. #Bitcoin\r\nChart: https:\/\/t.co\/tdq2AXRlwO pic.twitter.com\/ZbIOP18Yll\r\n\r\n\u2014 glassnode (@glassnode) March 5, 2021\r\n\r\n\r\nAccording to Grayscale, the shares traded at\u00a0$41.25,\u00a0and the Bitcoin holdings per share is\u00a0$46.83.\u00a0\r\n\r\nThis can be bullish news in the market.\u00a0Mike McGlone, the senior commodity strategist, tweeted about this as a "signal" for Bitcoin to rise over $ 100,000. This kind of scenario has not experienced much, and it can be bullish news for Bitcoin.\u00a0\r\n\r\nGrayscale #Bitcoin Trust Discount May Signal March to $100,000 - Bitcoin's end of February price disparities on U.S. regulated exchanges portend a firming price foundation, if history is a guide, and are evidence of just how nascent the crypto is. pic.twitter.com\/qj6hfTvH8K\r\n\u2014 Mike McGlone (@mikemcglone11) March 4, 2021\r\n\r\n\r\nThe expected bull-run of Bitcoin can be huge. The market is waiting for the bullish move, and BTC will mark another ATH as expected.\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as an investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.