On March 11, Bitcoin (BTC) plunged through the $77,000 mark, hitting a four-month low, as Trump's remarks triggered recession fears. Other cryptocurrencies also fell generally, with Ethereum (ETH) and Dogecoin (DOGE) falling more than 8%, and Ripple (XRP) falling more than 4%. In the past 24 hours, 330,000 people around the world have been liquidated, with the amount of liquidation exceeding US$900 million.
"The crypto market has evolved into a loser's game, and the only way to win is to survive." Amid uncertainty in US policies, volatility in the crypto market may remain high.
Bitcoin may continue to fall to the next range in the coming weeks. Only when the tariff war ends and the Federal Reserve resumes rate cuts can the cryptocurrency return to its highs. If a recession occurs, Bitcoin's maximum potential decline is about $50,000. If there is no recession, its floor price is expected to be between $70,000 and $75,000.
Bitcoin's price trend is closely related to US economic indicators. Market observers are closely watching the Consumer Price Index (CPI) data released on the 12th, which will have a significant impact on Bitcoin's price trend.
BTCUSDT.P BTCUSD BTCUSD BTCUSD
"The crypto market has evolved into a loser's game, and the only way to win is to survive." Amid uncertainty in US policies, volatility in the crypto market may remain high.
Bitcoin may continue to fall to the next range in the coming weeks. Only when the tariff war ends and the Federal Reserve resumes rate cuts can the cryptocurrency return to its highs. If a recession occurs, Bitcoin's maximum potential decline is about $50,000. If there is no recession, its floor price is expected to be between $70,000 and $75,000.
Bitcoin's price trend is closely related to US economic indicators. Market observers are closely watching the Consumer Price Index (CPI) data released on the 12th, which will have a significant impact on Bitcoin's price trend.
BTCUSDT.P BTCUSD BTCUSD BTCUSD 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.