On Sunday, the sale of the last encryption market, as Bitcoin (BTC) approached its re -testing from 2025 to about 78,000 dollars. Bitcoin fell more than 11 % last week, erasing most of its previous gains. It is currently trading at 82,176 dollars, a decrease of more than 4 % in the past 24 hours.
The total cryptocurrency market witnessed a 7 % decrease, as it decreased to an evaluation of $ 2.77 trillion. Solana and XRP have witnessed 7 % losses, while ETHEREUM decreased by 8 %, close to the brand of $ 2000. Kardano (ADA) and Dogecoin (DOGE), decreased by 7 % and 9 %, respectively.
Within the past 24 hours, the market shrinkage has caused $ 616 million in liquidation, with long positions occupied the largest $ 540 million. Bitcoin alone saw $ 231 million of losses.
Trump says that there may be some turmoil
In his appearance in Fox News on Sunday, President Donald Trump on the potential effects of his policies, including definitions and budget discounts. When asked about the influence, he admitted that there may be some short -term disorders, but he emphasized the long -term vision behind his approach.
There may be some disorder. China has a 100 -year plan, while we focus on quarterly results. What we do is set the foundation for the future. “
Trump’s approach compared to the former Federal Reserve Chairman
Trump’s comments were called “Volckering” on social media, similar to his approach to the approach of former Federal Reserve Speaker Paul Volker in the 1980s. Volcker raised interest rates to extremist levels to combat persistent inflation, and he fully realized that it will lead to harsh recession. Ultimately, his difficult measures broke inflation and took the way for long -term economic growth. The comparison indicates that Trump’s policies, although sabotage now, can have long -term benefits.
The last decrease in Bitcoin comes as commercial tensions between the United States and China are scheduled to worsen on Monday, as Beijing imposed definitions on American agricultural goods in response to the latest rise in import from President Trump. This trade war created uncertainty in the market.
Bitcoin to reconsider the lower levels!
Arthur Hayes, co -founder of Bitmex, warned that Bitcoin could decrease more, and possibly reconsider the level of $ 78,000. He pointed out that many Bitcoin options range from $ 70,000 and $ 75,000, which may create more fluctuations if the price is transferred to this range.
On Friday, Jerome Powell, head of the Federal Reserve, stated that the central bank will remain cautious about interest rates while assessing the impact of Trump’s policies. His comments followed a weak report on salaries in the United States, and expectations of at least three discounts of interest from the Federal Reserve this year.
Traders are now monitoring the main economic reports this week, such as the US consumer price index on March 12 and the product price index on March 13. This may affect the next step for Bitcoin.
