CandleFocus Bitcoin tumbles to $80K as Trump’s economic policies stir debate
2025-03-10
Author: Content Editor
Bitcoin's price has dropped to $80,052, experiencing a 7% decline in the past 24 hours due to uncertainty surrounding Trump's economic policies. The overall cryptocurrency market also saw a 7% decline, reaching a valuation of $2.77 trillion. Solana and XRP each registered 7% losses, while Ethereum fell 8% to trade around $2,000. Bitcoin's dominance remains at 58.2%. The market downturn has led to $616 million in liquidations, with Bitcoin alone accounting for $231 million in losses. The uncertainty surrounding Trump's economic policies and potential market volatility have made investors cautious about investing in cryptocurrency. BitMEX co-founder Arthur Hayes has warned that Bitcoin may fall further, potentially retesting $78,000. Traders are closely watching key economic reports, which could impact Bitcoin's next move.
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