Following the latest crypto updates, Bitcoin’s price tanked to as low as $76,600 on March 10, 2025, before slightly recovering. This marks a 30% drop from the all-time high of $109,356 in January. Concerns are raised and questions are being asked by investors. Is this the start of a bigger correction?
The downturn comes as macroeconomic uncertainty grows, with Trump’s trade policies and recession warnings sending uncertainty and shock through markets. With $2.2 trillion in trade affected by new tariffs, investors are getting risk averse and pulling out of speculative assets like Bitcoin.
However, analysts are split; some say this is a necessary correction before a new run, others warn of further downside if support breaks.
Breaking Down Bitcoin’s Drop
The market is moving due to:
1. Post-Inauguration Profit-Taking
-Bitcoin rallied big time in early 2025 after Trump’s win and the anticipation of pro-crypto policies.
-The Bitcoin reserve Executive Order sent the price up, but there was no buying provision so traders sold the news.
2. Recession Fears & Economic Policy Uncertainty
-Trump just won’t rule out a U.S. recession in 2025.
-His administration’s tariffs on Canada, Mexico, and China; which affect $2.2 trillion in trade; have raised costs for businesses and consumers.
-With the president admitting his policies will cause short-term pain, investors are moving to safe assets.
3. Broader Financial Market Sell-Off
– S&P 500, Dow Jones, and Nasdaq all fell big time on March 10.
– Bitcoin, the risk asset, followed as traders looked for safety.
Crypto Market Outlook – 11th March 2025
Here’s how major cryptos are doing today after Bitcoin’s major drop:
Cryptocurrency | Current Price | 24H Change | 7D Change |
Bitcoin (BTC) | $80,417 | -2.27% | -4.55% |
Ethereum (ETH) | $1,895 | -8.02% | -9.96% |
Solana (SOL) | $123.47 | -3.05% | -10.65% |
XRP (XRP) | $2.11 | -3.10% | -10.39% |
Cardano (ADA) | $0.727 | -1.63% | -11.88% |
Liquidations & Market Sentiment
– $720 million in crypto liquidations in the last 24 hours.
– $340 million in long liquidations on Bitcoin as traders got caught off guard.
Is This a Setup for the Next Bitcoin Rally?
Despite the short-term weakness, some say this could be the correction before the next move up in 2025.
Bullish Factors to Watch:
– Halving in April 2025 – Bitcoin’s supply reduction has historically driven big price moves.
– Institutional buying – Companies and funds buying BTC on dips for long-term gains.
Key Levels to Watch Today
Traders are watching these support and resistance levels:
| Key Level | Price | Significance |
|---|---|---|
| Major Support | $74,000 | If broken, BTC could drop to $70K |
| Short-Term Resistance | $79,500 | Must reclaim to regain bullish momentum |
| Breakout Target | $88,000 | A move above could restart the uptrend |
Expert Insights on BTC’s Next Move
Based on available reports, some experts have weighed in their hopes and speculations for the current state of the market:
Arthur Hayes – BitMEX Co-Founder
– Prediction: BTC could go to $70K before bouncing.
– Reason: Market structure is strong despite short term volatility.
Michael van de Poppe – Market Analyst
– Prediction: Bitcoin could go to $120K by mid 2025 if above $75K.
– Reason: Bull cycle is still intact and corrections are part of the long term growth.
Captain Faibik – Technical Trader
– Prediction: BTC is in an ascending wedge; above $79K could be a quick run to $90K.
– Risk: below $74K could be a deeper correction to $55K.
Macro Events to Watch This Week
Bitcoin’s next move will be influenced by these macro events:
– March 12: US CPI – Inflation data will impact risk assets like Bitcoin.
– March 13: PPI – Supply chain costs and economic growth.
Final Thoughts: Volatility Ahead, But Bullish Long Term
BTC dropping to $76K is a big pullback but history shows these pullbacks often precede big rallies. With the halving coming and long term fundamentals still strong, this could be a buying opportunity for long term investors.
However, macro uncertainties is a big risk and traders should watch the support levels closely.
Stay updated with Deythere as we’re available around the clock, providing you with updated information about the state of the crypto world.
FAQs
1. Why did BTC go to $76K?
Profit-taking, economic concerns around Trump’s policies and broader market volatility.
2. Is the bull run over?
No, most think this is a normal correction within a bull cycle.
3. Could BTC go lower?
If BTC breaks $74K it could go to $70K-$55K but many expect a bounce soon.
4. What’s the next big event for Bitcoin?
The Bitcoin halving in April 2025.
5. When will Bitcoin recover?
Recovery depends on market sentiment, economic data and institutional buying. A reclamation of $80K+ would be a strong buy signal.
Glossary
– Sell the News: A market reaction where assets drop after a big bullish event has happened.
– Support Level: A price where buying will prevent further decline.
– Resistance Level: A price where selling will limit the upward movement.
– Liquidation: When leveraged traders’ positions are closed due to price drop.
– Bitcoin Halving: An event that reduces BTC mining rewards and historically leads to price increase.
References
Disclaimer:
This is for informational purposes only and not financial advice. Cryptos can be highly volatile. Do your own research before making any financial decisions.
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