Bitcoin plummets again on Sunday afternoon, hits $80K mark: The Impact of Trump’s Policies on the Market

Updated

March 10, 2025

Gambar Bitcoin plummets again on Sunday afternoon, hits $80K mark: The Impact of Trump’s Policies on the Market

Jakarta, Pintu News – This week has witnessed another drop in the value of cryptocurrencies, with Bitcoin looking set to retest its 2025 low around $78,000. Just after 7:00 p.m. ET, Bitcoin has slipped to the $80,000 mark, down 7% in the last 24 hours.

Despite a slight rise, Bitcoin is at $80,700 as of press time. Ethereum , Solana (SOL), and Ripple also saw similar declines, while Cardano and Dogecoin plunged deeper by 12%.

The Impact of Trump’s Policies on the Market

US President Donald Trump stated in an appearance on Fox News that his tariffs and budget cuts might cause “a little bit of disruption”. According to him, compared to China, which has a 100-year perspective, the United States is more focused on quarterly performance. Trump argued that his current policy is to build a foundation for the future of the United States.

Trump’s comments were dubbed “Volckering” on social media, a term that refers to the actions of former Federal Reserve Chairman Paul Volcker. After being appointed by Jimmy Carter in 1979, Volcker increased short-term interest rates to unprecedented levels to combat inflation that had lasted for a decade. Although this policy resulted in a brutal economic recession, inflation was contained and paved the way for economic growth in the following decade.

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Policy Impact on Crypto Market

The decline in the value of Bitcoin and other cryptocurrencies this Sunday is inseparable from the ongoing economic policy uncertainty. Investors and crypto market participants seem to still be wary of the long-term impact of the policies implemented by the Trump administration. This concern is reflected in the sharp declines that have occurred in almost all major cryptocurrencies.

In addition, the decline was also influenced by increasingly uncertain global market dynamics. A combination of domestic economic policies and geopolitical tensions continue to put pressure on cryptocurrency exchange rates. This shows how sensitive the crypto market is to changes in policy and global economic conditions.

Stock Market Reaction and Future Projections

It wasn’t just the crypto market that felt the impact, the US stock market also showed a negative reaction with the stock index falling by around 0.85% on Sunday afternoon. This indicates that investors’ concerns are not just limited to crypto assets, but also extend to the broader stock market. This adds to the uncertainty in future economic projections.

Given these conditions, analysts and investors need to consider various possible scenarios. They need to be prepared for the market volatility that is likely to continue, especially if these controversial policies continue. Readiness and the right strategy will be key in dealing with this uncertain market.

Conclusion

With the various dynamics taking place in both the crypto and stock markets, it is important for market participants to constantly monitor developments and adjust their investment strategies accordingly. Ongoing economic policies and the market’s reaction to them will continue to be important factors affecting the value of investments in the future.

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*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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.