The cryptocurrency market erased all gains from President Trump’s US Crypto Strategic Reserve announcement, plunging by over 14.7% in seven days to reach $2.7 trillion on March 10.
Top cryptocurrencies and their 24-hour performances. Source: Coin360
Several factors have contributed to the latest drop in crypto prices, including:
Trump’s acknowledgement that his policies will cause short-term pain to the economy.
Investors are risk-off amid the continued outflows from crypto investment products.
TOTAL drops toward the technical target of a descending triangle.
Trump acknowledges short-term pain for economy
President Trump’s recent statements have cast a shadow over the crypto market, tempering the enthusiasm that followed his pro-crypto rhetoric earlier in 2025.
Key points:
Bitcoin (BTC) declined 4% in the last 24 hours.
Ether (ETH) is down 3.2% over the last 24 hours to trade just above $2,000.