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.