4 Crucial Events that Drive the Bitcoin (BTC) Market

Updated

March 10, 2025

Gambar 4 Crucial Events that Drive the Bitcoin (BTC) Market

Jakarta, Pintu News – Bitcoin continues to show high volatility as markets react to major economic events, including Trump’s crypto reserves, new tariffs, and the Federal Reserve’s latest stance.

Here’s a look at 4 crucial events that have moved Bitcoin and the crypto market in the last few days!

Trump’s Announcement of Strategic Crypto Reserves

On March 2, President Trump announced plans to establish a strategic crypto reserve in the United States, dubbed “Digital Fort Knox.”

This reserve will include major cryptos such as Bitcoin (BTC), Ethereum , Ripple , Solana , and Cardano . The initiative aims to strengthen the country’s position in the digital asset space. The announcement initially pushed up the price of Bitcoin, but the effect was short-lived.

This announcement will boost investor confidence in crypto as a legitimate and supportive asset in investment portfolios. However, the market still awaits more details on how these reserves will be managed and their impact on global liquidity.

New Tariff Implementation and Its Impact

President Trump’s new policy, which imposes a 25% tariff on all imports from China and Mexico, was announced on March 3. This has created a wave of concern in global financial markets.

The policy aims to protect domestic industries but has led to a massive sell-off in risky assets, including crypto. Bitcoin price fell sharply to a weekly low of $81,400 on March 4.

This volatility shows how sensitive crypto markets are to changes in international trade policy. Crypto investors need to be aware of the potential long-term impact of these tariffs on global trade and currency exchange rates.

White House Digital Asset Summit and NFP Report

The Digital Asset Summit held at the White House has been an important forum for industry leaders and policymakers to discuss the future of crypto in the US. These discussions are important for shaping government policy towards crypto in the future.

On the other hand, the Non-Farm Payrolls (NFP) report released on March 7 showed an increase in the unemployment rate, which raised concerns about sustained inflation and the possibility of more aggressive monetary tightening by the Federal Reserve.

Both of these events have put downward pressure on the price of Bitcoin, as investors reassess their risk exposure in the face of potential interest rate hikes.

Bitcoin Price Outlook: Maintain Support at $85,000

That's the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app through Google Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don't have an account or click Login Pintu if you are already registered. *Disclaimer This content aims to enrich readers' information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset's past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader. — Source: Coingape

According to Coingape, Bitcoin’s price stabilization around the $86,000 level indicates a consolidation phase as the market digests the latest developments. Momentum indicators show mixed signals, with the MACD histogram showing a decline in bullish momentum and the signal line approaching a bearish crossover.

However, the overall structure remains intact as long as Bitcoin holds above $85,000. If the price drops below this level, it could trigger a further decline towards $80,800. At the same time, a rebound could send Bitcoin towards the $87,346 mid-band resistance before possibly pushing to the $90,000 psychological level. Leverage engagement remains a key factor, with increased open interest potentially strengthening Bitcoin’s next move.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News for the latest updates on crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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