On Monday, March 10, 2025, Bitcoin (BTC) cratered below $80,000, bottoming out at $77,396.43—its lowest since November—per Coin Metrics. The flagship crypto’s 5%+ slide mirrored a brutal equities sell-off, with the Nasdaq nosediving over 4%—its worst day since 2022—shedding $750 billion across tech giants like Apple and Nvidia. Crypto wasn’t spared: Coinbase plummeted 17.6%, Robinhood shed 19.8%, and Strategy (ex-MicroStrategy) dropped over 16%. “Equities dragged BTC down like an anchor,” one X post lamented.
Trump’s Reserve Flops as Macro Clouds Darken
Late last week, President Trump signed an executive order for a U.S. Bitcoin Reserve, pegged at 198,000 seized BTC ($17 billion), plus a Digital Asset Stockpile for other cryptos. Hopes of aggressive buying fizzled—no purchase timeline emerged—disappointing bulls expecting a price floor. Sunday’s sharp BTC dip to $80,000 signaled the letdown, but Monday’s freefall had bigger drivers: Trump’s weekend refusal to rule out a U.S. recession on Fox News, paired with tariff threats (25% Canada/Mexico, 10% China). “Macro uncertainty’s the real killer—Trump’s reserve is just noise,” an X trader posted.
Bitcoin ETFs bled $867 million last week, per CoinShares, marking four straight weeks of outflows totaling $4.75 billion—a bearish streak not seen since mid-2024. “Panic-selling’s back—70% of BTC dumps are from newbies who bought post-January,” one analyst noted on X, echoing 10x Research’s Markus Thielen.
No Crypto Catalyst in Sight
Absent a crypto-specific spark, macro headwinds rule. This week’s economic slate—JOLTS Tuesday, CPI Wednesday, PPI Thursday—could deepen the gloom if job openings tank or inflation spikes, pressuring the Fed to hold rates steady. JPMorgan’s Wednesday warning of “no big crypto move soon” rings truer post-Monday. BTC’s $77K low tests its 200-day moving average; a break below could eye $70K, analysts say. “Volatility’s up—tariffs and recession talk are kryptonite,” an X post warned.
What’s Next for Bitcoin in 2025?
Despite the rout, some cling to hope. “Regulatory tailwinds” from Trump’s pro-crypto stance—highlighted at Friday’s White House Crypto Summit—keep long-term bulls upbeat. Strategy’s $21B BTC-buying plan (announced Monday) briefly lifted spirits, but equities’ grip held firm. With Tesla’s 15% plunge and Oracle’s Q3 miss, risk assets are on edge. Will BTC stabilize at $80K, or slide further if JOLTS flops? Tuesday’s Nasdaq open and Fed chatter could set the tone—stay locked for crypto’s next move!
