Bitcoin Plummets 20% in a Month Despite Trump's Announcements!

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Bitcoin is currently experiencing significant volatility, contrary to analysts’ predictions last Friday of an upward surge. Instead, this Monday, March 10, the cryptocurrency plummeted to $80,000, a price not seen since November 2024. It recovered slightly in the afternoon, trading around $82,000, but the overall sentiment remains sour: the asset has lost 10% over the past week and 20% over the past month.

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Trump’s Executive Order: A Major Letdown!

Despite high expectations, recent announcements by Donald Trump have failed to calm investors. Last Thursday, the American president signed an executive order to establish a strategic bitcoin reserve. This reserve will be funded by the 200,000 BTC already seized by the U.S. government—a stash worth around $17 billion at current prices.

However, where markets were hoping for a bold policy of massive Bitcoin purchases by the government, they only saw a technical asset retention move. The disappointment is palpable (even among our team…).

Pending Regulations and Tariffs: Ongoing Pressure

The crypto ecosystem was also anticipating regulatory progress during the meeting on Friday, March 7, between industry stakeholders and the White House. Donald Trump reiterated his promise to make the United States the global capital of cryptocurrencies, but the long-awaited bill providing regulatory clarity has yet to materialize.

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The cryptocurrency market remains under pressure due to regulatory uncertainties and a broader risk aversion sentiment among investors, explains Naeem Aslam, an analyst at Zaye Capital.

No decree, no rise! Worse, an exacerbating factor has been added to the mix: the announcement of new tariffs by the Trump administration, which has introduced an extra layer of volatility to the market. Bitcoin isn’t the only one suffering. Ether (ETH) has dropped 10% in a week, XRP is down by 17%, Solana (SOL) has fallen by 20%, and Cardano (ADA) has plummeted by 23%… We’re soon going to run out of synonyms to describe the situation.

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