The cryptocurrency market has erased all the gains from the announcement of the Strategic Cryptography Reserve of President Trump, plunging more than 14.7% in seven days to reach 2.7 dollars on March 10.
The upper cryptocurrencies and their 24-hour performance. Source: Coin360
Several factors have contributed to the last drop in cryptography prices, including:
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Trump acknowledges that his policies will cause short -term pain to the economy.
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Investors are risks in the middle of continuous outings of cryptographic investment products.
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Total drops to the technical target of a descending triangle.
Trump recognizes short -term pain for the economy
President Trump’s recent statements threw a shadow on the cryptography market, temperating the enthusiasm that followed his pro-Crypto rhetoric earlier in 2025.
Key points:
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Bitcoin (BTC) decreased by 4% in the last 24 hours.
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Ether (ETH) is down 3.2% in the last 24 hours to exchange just more than $ 2,000.
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Solana (soil) and XRP (XRP) also recorded losses, down 7.2% and 4.5%, respectively.
Significant liquidations on the derivative market are aggravated.
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In total, $ 650.80 million in liquidations have been recorded in the last 24 hours.
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The long positions took the hardest shot, with $ 595.75 million liquidated.
Crypto Market Liquidation Heatmap. Source: Coringlass
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Bitcoin and Ethereum were the greatest victims, with $ 264.22 million and $ 114.76 million in liquidations, respectively.
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When long positions are liquidated, merchants’ assets are automatically sold, increasing market offer and driving prices.
More critical, US President Donald Trump acknowledged that markets could see short -term pain in his policies, including commercial prices on Canada, Mexico and China and budget reduction plans.
“There could be a little disturbance,” said Trump in an interview with Fox News, adding:
“If you look at China, they have a 100 -year prospect … we are going by quarter. What we do is build a base for the future. »»
The market, which has increased after the elections in the hopes of a deregulated and friendly administration, is now struggling with the reality that Trump’s wider economic agenda can introduce opposite winds before specific advantages of crypto-specialization are materialized.
Investors continue to get rid of cryptography funds
The continuous correction of the cryptographic market is aligned with the huge capital outings of cryptographic investment products.
The main dishes to remember:
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Digital Asset Investment Products saw outings for the fourth consecutive week, totaling $ 876 million during the week ending on March 7, in accordance with the Coinshares report.
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This brings the outings to $ 4.75 billion in the past four weeks, reducing the entries of the year to $ 2.6 billion.
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This indicates that institutional investors have reduced their exposure to digital assets.
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Bitcoin has seen the biggest share, totaling $ 756 million.
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Total assets under management have decreased by $ 39 billion in their peak at the current value of $ 142 billion, the lowest point since mid-November 2024.
Capital flow for cryptographic investment products. Source: Coinshares
Coinshares, research manager, James Butterfill attributed this to “negative feeling”, suggesting “capitulation” among investors.
“Although this indicates a slowdown in the rhythm of outings, the feeling of investors remains lower. “”
In addition, the Crypto Fear & Greed index fell at 10 on March 10, its lowest since July 2022, indicating an “extreme fear”.
The Crypto Fear & Greed index. Source: alternative.me
Total validates of the downhill triangle
From a technical point of view, the decline of the today’s cryptography market is part of a correction trend which has seen the total – the total market capitalization of all cryptocurrencies – below a descending triangle model.
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A descending triangle is a lowered continuation model, forming when the price reduces the lower peaks while retaining a flat level of bottom at the bottom.
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The model is confirmed when the price breaks below the support level with a high volume and falls as much as the maximum height of the triangle.
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As of March 10, Total had come across the goal of the 2.6 -dollars model with a simple 50 -week mobile average (SMA).
Total / USD weekly graphics. Source: Cointelegraph /Tradingview
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If the sales pressure persists, the SMA of 100 weeks to 2 billions of dollars could become the next target downwards.
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Holding SMA of 50 weeks as a support can strengthen the current rebound towards the lower trend line of the model, aligning with the level of 3.1 billions of dollars.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
