Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Nollywood Needs Structure – Omotola

    June 7, 2025

    Coco Gauff Beats Sabalenka To Win First French Open

    June 7, 2025

    Hajj: Fire Guts Hotel Housing 480 Nigerians In Mecca

    June 7, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Nollywood Needs Structure – Omotola
    • Coco Gauff Beats Sabalenka To Win First French Open
    • Hajj: Fire Guts Hotel Housing 480 Nigerians In Mecca
    • Darey Art Alade’s Car Completely Burnt On Third Mainland Bridge
    • President Should Stop Appointing INEC Chairman – Groups
    • Commissioners, Lawmakers Decline to Follow Governor Eno to APC
    • Enugu Governor, Mbah Mourns ‘Gwo gwo gwo ngwo’ crooner, Ejeagha
    • Akwa Ibom Governor, Umo Eno Officially Joins APC
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Saturday, June 7
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » Bitcoin Drops Below $80K As Crypto Market Suffers Sharp Decline
    2 Mins ReadMarch 11, 2025

    Bitcoin Drops Below $80K As Crypto Market Suffers Sharp Decline

    By Samuel AkpenpuunMarch 11, 2025No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bitcoin and other major cryptocurrencies tumbled on Tuesday as concerns over the US economy and trade tensions grew.

    Bitcoin dropped 3.2% to $79,937 after hitting a low of $76,624. Ethereum fell sharply by 7.5% to $1,911. The global crypto market cap declined 4.3% to $2.6 trillion, The Economist reports.

    Solana, XRP, Cardano and Dogecoin also suffered losses, with Dogecoin plunging 8.5%.

    Investor confidence weakened after former US President Donald Trump, in a Fox News interview, mentioned a “period of transition” but did not clarify if his tariff policies might lead to a recession.

    His remarks caused declines across cryptocurrencies, stocks, and the US dollar while Treasury yields also dropped.

    “The crypto market is seeing its major downturn with Bitcoin falling under $80,000 and Ethereum recording a 16-month low of around $1,800,” said Avinash Shekhar, Co-Founder & CEO of Pi42.

    “Fears of a coming recession and the overall market sell-offs are spurring this pullback.”

    Macroeconomic factors like inflation and interest rates continue to drive volatility.

    “The upcoming Job Openings and Labor Turnover data would be crucial for bulls to take control.

    “A positive outcome data could help BTC reclaim the $84,000 mark,” said Edul Patel, CEO of Mudrex.

    Bitcoin’s market cap fell to $1.585 trillion, with a dominance of 61.04%.

    Trading volume surged 53.14% to $58.13 billion.

    “Bitcoin’s ability to reclaim and hold $80,000 remains critical for overall market stability,” noted Vikram Subburaj, CEO of Giottus.

    Author

    • Samuel Akpenpuun
      Samuel Akpenpuun

      View all posts
    Bitcoin Cardano Dogecoin Solana XRP
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Samuel Akpenpuun

    Related Posts

    Business

    May & Baker Posts N28.9bn Revenue, N1.6bn PAT

    June 6, 2025
    Banking & Finance

    Access ARM Pensions Posts N28.2bn Revenue

    June 2, 2025
    Business

    We Are Working Towards Increasing Ground Rent Charges – Wike

    May 29, 2025
    Banking & Finance

    We Will Ensure Every Stolen Asset Is Recovered – Tinubu

    May 28, 2025
    Breaking News

    Dangote Refinery Reduces Petrol Price By N15

    May 22, 2025
    Banking & Finance

    CBN Retains Interest Rate At 27.50 Percent

    May 20, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    Nollywood Needs Structure – Omotola

    June 7, 2025

    Coco Gauff Beats Sabalenka To Win First French Open

    June 7, 2025

    Hajj: Fire Guts Hotel Housing 480 Nigerians In Mecca

    June 7, 2025

    Darey Art Alade’s Car Completely Burnt On Third Mainland Bridge

    June 7, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.