Bitcoin plunges to 4-month lows near $80,000 following Trump's executive order establishing a U.S. strategic Bitcoin reserve.
BTC price technical analysis shows critical support at $80K, with a potential downside to $72K if it is breached.
Market experts describe Bitcoin's recent price action as a "textbook correction" with 70% of selling pressure coming from newer investors.
Why is Bitcoin price dropping today? Let's check the current Bitcoin news and technical analysis
Over the
past 24 hours, Bitcoin (BTC) price has dropped nearly 3%, briefly testing the
$80,000 level. While the cryptocurrency rebounded from this psychological
support on Monday, it had just experienced a 6.4% drop on Sunday—one of the
steepest declines this year and its lowest daily close since November 2024.
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Why is
Bitcoin going down and closing at four-month lows? According to experts, the
decline is linked to market volatility triggered by an executive order signed
by President Donald Trump, which mandates the creation of a strategic
cryptocurrency reserve in the U.S., including Bitcoin.
Bitcoin Price Today Is
Going Down. Why?
As of today
(Monday), March 10, 2025, Bitcoin has been testing the $80,000 level for the
second consecutive day. While at the time of writing, its price is rebounding
3.4% to $83,455, it remains down nearly 3% on a 24-hour basis.
This
decline follows a sharp drop on Sunday, when BTC fell by over 6%, marking one
of the worst sessions of the year. It also recorded its lowest daily close
since November 2024, making it the weakest level in more than four months.
Why is Bitcoin dropping today? Source: Tradingview.com
While this
move initially sparked optimism, the lack of a bold commitment to purchase
significant amounts of Bitcoin—such as 100,000 or 200,000 coins—left investors
underwhelmed. Prices slid as traders expressed disappointment over what they
perceived as a conservative approach.
Bitcoin Holds (Again) at
$80K – BTC/USDT Technical Analysis
My
technical analysis suggests that the $80,000 level is a critical support for
buyers, having successfully halted declines for the second time in the past two
weeks. After four consecutive days of BTC depreciation, this level has
triggered a reversal and a corrective rebound of over $3,000.
However,
BTC/USDT remains under bearish pressure, far from the consolidation near its
all-time high (ATH) that was observed between November and late February. In my
view, a break above the $90,000–$92,000 zone, which marks the lower boundary of
that consolidation range, would signal that bulls have regained full control.
If the $80K
support fails, the next target would be the October highs around $72,000.
However, I see a more significant support level at the September and early
November peaks, near $67,000. In my opinion, this is the ultimate line in the
sand that will determine whether bulls or bears take dominance in the market.
Bitcoin Price Drops in “Textbook
Correction”
Beyond
policy announcements, Bitcoin’s price action reflects broader market dynamics.
Analysts at 10x Research described this as a “textbook correction,” pointing
out that roughly 70% of the selling pressure came from investors who entered
the market within the last three months. This wave of panic selling by newer
participants has amplified the decline.
Arthur
Hayes, co-founder of BitMEX and CIO of Maelstrom, warned that Bitcoin could
soon retest the $78,000 level. “If that support fails, $75,000 is next,” he
posted on X, highlighting significant open interest in Bitcoin options at the
$70,000 to $75,000 range. A drop to these levels, he cautioned, could trigger a
“violent” sell-off as derivatives traders adjust their positions.
The crypto
market doesn’t operate in a vacuum, and macroeconomic factors are also at play.
This week, the U.S. is set to release two critical inflation reports that could
sway Federal Reserve policy. Persistent inflation might prompt tighter monetary
measures, potentially dampening risk assets like Bitcoin.
Meanwhile,
trade tensions are heating up, with Canada imposing retaliatory tariffs in
response to U.S. policies under Trump. Mark Carney, Canada’s newly elected
Liberal Party leader and former central banker, vowed to challenge American
trade moves, adding uncertainty to global markets.
Bitcoin News and Price,
FAQ
Why Is Bitcoin Falling
Now?
Bitcoin’s
recent price drop is mainly linked to market reactions following President
Donald Trump’s executive order to establish a U.S. strategic Bitcoin reserve.
Instead of committing to large-scale government purchases of Bitcoin, the
reserve will be funded using assets seized in criminal and civil forfeiture
cases.
Will BTC Rise Again?
The future
trajectory of Bitcoin remains uncertain and is influenced by multiple factors,
including government policies, investor sentiment, and broader economic
conditions. While some analysts believe Bitcoin will recover in the long term
due to increasing institutional adoption and its role as a store of value,
others warn that without strong buying pressure, Bitcoin may remain under
bearish influence. A key resistance level to watch is the $90,000–$92,000
range, which could signal a return to bullish momentum. On the downside, if the
$80,000 support level fails, Bitcoin could test lower levels around $75,000 or
even $70,000.
What If You Invested
$1,000 in Bitcoin 10 Years Ago?
If you had
invested $1,000 in Bitcoin ten years ago, in March 2015, your investment would
have significantly increased in value. At that time, Bitcoin’s price ranged
from approximately $177 to $465, with an average of about $300. A $1,000
investment would have bought around 3.33 BTC. At the current price of about
$82,308 per Bitcoin, that investment would now be worth approximately $274,000.
This highlights Bitcoin’s historical potential for high returns despite its
volatility.
Is Bitcoin Going Down
Because of Trump?
Yes, to
some extent. The recent drop in Bitcoin’s price has been partially attributed
to investor disappointment over President Trump’s executive order regarding a
strategic Bitcoin reserve. While the order initially sparked optimism, the lack
of a bold commitment to purchasing significant amounts of Bitcoin left traders
underwhelmed. This led to selling pressure and price declines. However,
Bitcoin’s movement is also influenced by broader market dynamics, such as
profit-taking, macroeconomic concerns, and technical levels being tested in the
market.
Over the
past 24 hours, Bitcoin (BTC) price has dropped nearly 3%, briefly testing the
$80,000 level. While the cryptocurrency rebounded from this psychological
support on Monday, it had just experienced a 6.4% drop on Sunday—one of the
steepest declines this year and its lowest daily close since November 2024.
This above is an advertisement by Utip
Why is
Bitcoin going down and closing at four-month lows? According to experts, the
decline is linked to market volatility triggered by an executive order signed
by President Donald Trump, which mandates the creation of a strategic
cryptocurrency reserve in the U.S., including Bitcoin.
Bitcoin Price Today Is
Going Down. Why?
As of today
(Monday), March 10, 2025, Bitcoin has been testing the $80,000 level for the
second consecutive day. While at the time of writing, its price is rebounding
3.4% to $83,455, it remains down nearly 3% on a 24-hour basis.
This
decline follows a sharp drop on Sunday, when BTC fell by over 6%, marking one
of the worst sessions of the year. It also recorded its lowest daily close
since November 2024, making it the weakest level in more than four months.
Why is Bitcoin dropping today? Source: Tradingview.com
While this
move initially sparked optimism, the lack of a bold commitment to purchase
significant amounts of Bitcoin—such as 100,000 or 200,000 coins—left investors
underwhelmed. Prices slid as traders expressed disappointment over what they
perceived as a conservative approach.
Bitcoin Holds (Again) at
$80K – BTC/USDT Technical Analysis
My
technical analysis suggests that the $80,000 level is a critical support for
buyers, having successfully halted declines for the second time in the past two
weeks. After four consecutive days of BTC depreciation, this level has
triggered a reversal and a corrective rebound of over $3,000.
However,
BTC/USDT remains under bearish pressure, far from the consolidation near its
all-time high (ATH) that was observed between November and late February. In my
view, a break above the $90,000–$92,000 zone, which marks the lower boundary of
that consolidation range, would signal that bulls have regained full control.
If the $80K
support fails, the next target would be the October highs around $72,000.
However, I see a more significant support level at the September and early
November peaks, near $67,000. In my opinion, this is the ultimate line in the
sand that will determine whether bulls or bears take dominance in the market.
Bitcoin Price Drops in “Textbook
Correction”
Beyond
policy announcements, Bitcoin’s price action reflects broader market dynamics.
Analysts at 10x Research described this as a “textbook correction,” pointing
out that roughly 70% of the selling pressure came from investors who entered
the market within the last three months. This wave of panic selling by newer
participants has amplified the decline.
Arthur
Hayes, co-founder of BitMEX and CIO of Maelstrom, warned that Bitcoin could
soon retest the $78,000 level. “If that support fails, $75,000 is next,” he
posted on X, highlighting significant open interest in Bitcoin options at the
$70,000 to $75,000 range. A drop to these levels, he cautioned, could trigger a
“violent” sell-off as derivatives traders adjust their positions.
The crypto
market doesn’t operate in a vacuum, and macroeconomic factors are also at play.
This week, the U.S. is set to release two critical inflation reports that could
sway Federal Reserve policy. Persistent inflation might prompt tighter monetary
measures, potentially dampening risk assets like Bitcoin.
Meanwhile,
trade tensions are heating up, with Canada imposing retaliatory tariffs in
response to U.S. policies under Trump. Mark Carney, Canada’s newly elected
Liberal Party leader and former central banker, vowed to challenge American
trade moves, adding uncertainty to global markets.
Bitcoin News and Price,
FAQ
Why Is Bitcoin Falling
Now?
Bitcoin’s
recent price drop is mainly linked to market reactions following President
Donald Trump’s executive order to establish a U.S. strategic Bitcoin reserve.
Instead of committing to large-scale government purchases of Bitcoin, the
reserve will be funded using assets seized in criminal and civil forfeiture
cases.
Will BTC Rise Again?
The future
trajectory of Bitcoin remains uncertain and is influenced by multiple factors,
including government policies, investor sentiment, and broader economic
conditions. While some analysts believe Bitcoin will recover in the long term
due to increasing institutional adoption and its role as a store of value,
others warn that without strong buying pressure, Bitcoin may remain under
bearish influence. A key resistance level to watch is the $90,000–$92,000
range, which could signal a return to bullish momentum. On the downside, if the
$80,000 support level fails, Bitcoin could test lower levels around $75,000 or
even $70,000.
What If You Invested
$1,000 in Bitcoin 10 Years Ago?
If you had
invested $1,000 in Bitcoin ten years ago, in March 2015, your investment would
have significantly increased in value. At that time, Bitcoin’s price ranged
from approximately $177 to $465, with an average of about $300. A $1,000
investment would have bought around 3.33 BTC. At the current price of about
$82,308 per Bitcoin, that investment would now be worth approximately $274,000.
This highlights Bitcoin’s historical potential for high returns despite its
volatility.
Is Bitcoin Going Down
Because of Trump?
Yes, to
some extent. The recent drop in Bitcoin’s price has been partially attributed
to investor disappointment over President Trump’s executive order regarding a
strategic Bitcoin reserve. While the order initially sparked optimism, the lack
of a bold commitment to purchasing significant amounts of Bitcoin left traders
underwhelmed. This led to selling pressure and price declines. However,
Bitcoin’s movement is also influenced by broader market dynamics, such as
profit-taking, macroeconomic concerns, and technical levels being tested in the
market.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
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Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
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In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
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Watch the whole talk to learn more about how Versus Trade works and where it is heading.
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#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
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-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
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Attendees will hear:
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#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
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-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
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-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
