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Bitcoin

The Unraveling Cryptocurrency Saga: Markets Wobble as Confidence Shakes

The Unraveling Cryptocurrency Saga: Markets Wobble as Confidence Shakes

2025-03-11
Cryptocurrency markets experienced significant volatility, with Bitcoin dropping to $76,889 and Ether declining by 6% to $1,756. The Nasdaq 100 Index faced a sharp 3.8% drop, exacerbated by escalating trade tensions involving the U.S., Canada, Mexico, and China. Former President Trump’s initiative to establish a U.S. Bitcoin reserve failed to boost market confidence. The correlation between Bitcoin and traditional equities

Ethereum

Blockchain

The Crypto Rollercoaster: How Trump’s “Digital Reserve” Shook the Market

The Crypto Rollercoaster: How Trump’s “Digital Reserve” Shook the Market

2025-03-11
Former President Donald Trump announced a “digital asset reserve,” initially boosting the cryptocurrency market. An initial surge in digital currencies was quickly followed by a downturn, affecting major players like Bitcoin and Ethereum. Dogecoin, a leading memecoin, dropped nearly 8% overnight, illustrating its volatile nature. Market swings led to $276 million in cryptocurrency futures being liquidated, highlighting the risks involved.