Bitcoin Hits $76K as Trump’s Economic Plans Shake Up Markets
March 10, 2025 saw Bitcoin (BTC) experience major volatility as its price fell to a low of $76,600 before recovering slightly.
Bitcoin Drops 30% From High – Is This a Chance for Further Bull Run?
Bitcoin has continued its recent bearish correction trend, losing around 30% of its value from its all-time high of $109,356 reached in January 2025. This is a “sell the news” phenomenon following price-boosting events such as President Trump’s inauguration and the Executive Order on the Strategic Bitcoin Reserve, according to analysts. While the short-term impact may be negative, some experts are optimistic that this could be a stepping stone to Bitcoin's next long-term rally, depending on the macroeconomic situation.
Trump's economic policies shake up markets
President Trump's refusal to rule out a recession by 2025, coupled with an increasingly tense trade war, has sent shockwaves through the markets. Tariffs of up to 25% on major trading partners like Canada, Mexico, and China have disrupted $2.2 trillion in global trade. This has pushed up consumer costs and dented business confidence. Major indexes like the S&P 500 fell sharply earlier this week due to the uncertainty surrounding Trump's economic measures. The president has defended the policies as part of a "transition" to restore wealth, while acknowledging the potential disruptions.
Short-term correction, but long-term outlook?
While similar corrections have led to new highs in the past, the lack of immediate buying pressure on BTC suggests investors remain cautious. As Bitcoin stabilizes around $77,000, traders are closely watching support and resistance levels to determine the next direction.
