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Mar 11, 2025

Bitcoin falls below $80,000 for first time in 2 weeks

 

The effects of the US Strategic Reserve on the crypto market

On March 10, 2025, Bitcoin, the world’s largest cryptocurrency by market capitalization, fell below $80,000, hitting a low of $79,370. The decline comes amid ongoing volatility in the cryptocurrency market, especially after US President Donald Trump signed an executive order to create a strategic reserve of Bitcoin for the United States.

While this move was expected to stimulate the market, it raised concerns among investors about government intervention in the cryptocurrency market, leading to increased selling pressure on Bitcoin. In addition, other cryptocurrencies were affected by this downward trend; Ethereum fell by 1.2% to $2,014.46, Solana fell by 6.59% to $120.56, and Ripple fell by 3% to $2.10.

  Cryptocurrency Market Volatility

These declines are attributed to growing fears of a potential economic recession, which has prompted investors to avoid riskier assets, including cryptocurrencies. With economic uncertainty continuing, volatility in the cryptocurrency market is likely to continue in the coming period. 


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