On 10 March, the price of bitcoin declined to $ 80,052, showing a 7% decline in the last 24 hours, as the uncertainty around Trump’s economic policies affect the market. As this writing, Bitcoin is trading at around $ 82,200.
According to Crypto.news Price Tracker, the overall cryptocurrency market saw a 7% decline, which reached the evaluation of $ 2.77 trillion. While Solana (Sol) and XRP (XRP) recorded 7% losses in each, the Etharium (ETH) fell 8% to trade close to $ 2,000. The dominance of bitcoin (BTC) at 58.2%has remained stable despite a decline. Bitcoin trades at $ 82,200 level as this writing.
In the last 24 hours, the market fall has led to $ 616 million in liquidity, according to co -operatives. dataWith a long position, the loss of loss in $ 540.49 million takes the brunt. The loss from bitcoin alone was $ 231 million.
Adding to uncertainty, bitcoin futures on Chicago Mercantile Exchange Open On March 10 at $ 82,110, $ 4,320 below $ 86,430 last day. After a record $ 10,350 on March 3, it was the second largest single-day dip on CME futures this month.
US President Donald Trump was the reason for the market fall due to increasing market uncertainty after being recruited in March 9 Fox News. Interview That their economic policies will bring temporary economic pain. His comments about budget cuts and trade tariffs expressed concern about potential market volatility, cautious about investing in cryptocurrency and other financial markets.
Some investors have compared the ability of economic disruptions to Paul Volcar’s stringent policies in the 1980s. While the remedies of the Volcar stabilized inflation and promoted long -term development, they initially caused a significant market volatility.
Bitmex co-founder Arthur Hes has warned that bitcoin may fall low, even $ 78,000 behind. He said that many bitcoin options are priced between $ 70,000 and $ 75,000, which can cause additional instability when prices in that area.
Traders are now looking at the major economic reports this week, including the US Consumer Price Index on March 12 and the manufacturer price index on 13 March. These programs can determine the next step of bitcoin.
