Why is the crypto market crashing today?

A wave of sales seized the cryptography market, lowering prices as macroeconomic uncertainty frightened traders on March 10.

The slowdown followed the comments of US President Donald Trump in an interview with Fox News on March 8, where he recognized that his economic policies could cause temporary economic pain.

Its painful statements on budget cuts and trade rates have raised concerns about increasing market volatility, encouraging investors to move away from risk assets such as cryptocurrencies.

Bitcoin (BTC) dropped by 10% in last week, erasing most of its recent earnings. It is currently negotiated at $ 82,574, down almost 4% in the last 24 hours, approaching its lowest $ 2025. The wider market of cryptography decreased by 7%, bringing its total valuation to 2.8 billions of dollars.

Altcoins has also undergone significant losses. In the past 24 hours, Solana (GROUND) dropped by 8%, XRP (Xrp) decreased by 6% and Ethereum (Ethn) fell 5%, fighting to stay above $ 2,000. Cardano (ADA) and Dogine (DOGE) decreased by almost 8% and 9%, respectively.

The market of the market sparked $ 620 million in liquidations, with long positions bringing the weight to $ 527 million. Bitcoin alone represented $ 241 million in losses.

The main American technological actions have also undergone significant losses. In the past five days, NVIDIA (NVDA) fell 8.7%, Tesla (TSLA) plunged 12.5%and Meta (Meta) decreased by 7.17%. The S&P 500 fell 3.3% from Monday morning, reflecting wider concerns for investors.

Meanwhile, Bitcoin Futures on the Chicago Mercantile Exchange opened its doors at $ 82,110 on March 10, down $ 4,320 compared to the fence of $ 86,430 of the day before, marking the second drop in one day in CME Bitcoin Futures this month.

Trump’s remarks were due to the increase in trade tensions between the United States and China, with Beijing, which was to impose new prices on American agricultural products in response to the latest series of American import increases.

On March 4, 2025, China announced that reprisal prices on American agricultural products which should come into force on March 10. With the current implementation, fears of climbing trade tensions have further weighed on the feeling of investors.

In addition, Trump Bitcoin reserve announcement Last week, did not receive expectations. The absence of direct purchase provisions disappointed merchants who had provided stronger institutional support.

What is the next step?

Currently, traders are looking at key economic data this week, including the American consumer price index on March 12 and the price index of producers on March 13, which could influence the short -term trajectory of the market.

As before reported By crypto.News, the co-founder of Bitmex, Arthur Hayes, estimates that Bitcoin could correct the stockings of $ 76,000 in several months.

Recently, trader captain Faibik sharp The Bitcoin price is blocked in an ascending corner model. If he breaks above this training, he could come together at $ 120,000. However, if he falls below the lower border of the pattern, he warned that Bitcoin could slide more $ 50,000 at $ 55,000 in mid-term.