Bitcoin Hits $76K as Trump’s Economic Agenda Shakes Markets

Bitcoin (BTC) experienced a volatile trading day on March 10, 2025, hitting a low of $76,600 before recovering slightly.

Bitcoin Down 30% From Highs—Is This a Setup for the Next Rally?

This marks a continuation of its recent downward trend, as the leading cryptocurrency has been undergoing a 30% correction from its all-time high of $109,356 in January 2025. Analysts attribute this decline to a classic “sell the news” scenario following bullish catalysts like President Trump’s inauguration earlier this year and the recent strategic bitcoin reserve Executive Order. Despite short-term bearishness, some view this as a potential setup for long-term bitcoin gains, depending on macroeconomic factors.

President Trump’s refusal to rule out a 2025 recession, coupled with escalating trade wars, has rattled markets. His tariffs on Canada, Mexico, and China—reaching up to 25%—have disrupted $2.2 trillion in trade, raising consumer prices and reducing corporate confidence. Major indices like the S&P 500 fell sharply on Monday as uncertainty grows over his economic agenda. Trump defends these measures as part of a “transition” to restore wealth but admits to potential disruptions.

Historically, such corrections have been followed by new highs, but the lack of immediate BTC buying pressure suggests caution for now. As bitcoin stabilizes near $77,000, traders are closely watching key support and resistance levels to gauge its next move.

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