The price of Bitcoin dropped, dipping below $75,000 for the very first time last November 2024. The currency dipped by almost 10% recently, with volumes traded a drop to $75,130.62, as per Binance, and dipped as low as $74,701.20 in trade.
Reasons Behind the Bitcoin Fall
This drop in Bitcoin’s price is normal with overall market volatility and major policy announcements. US President Donald Trump’s recent tariffs raised speculations that the world would have a global recession. Therefore, the price drop of Bitcoin began on Trump’s inauguration day and fell from an all-time high of $109,000 to late January levels.
More than $1.3 trillion has been erased from the value of cryptocurrencies since 2025. The huge wipe is the largest on record.
Figures on Bitcoin Market Performance
Bitcoin value decreased by approximately 9.68% on Monday to a record low since November 2024. The fall in Bitcoin is part of a larger trend in some other cryptocurrencies which estimates mean prices on more than 20 exchanges.
Besides Bitcoin, other altcoins like Solana, Ethereum, and Cardano have dropped over 50% individually. That follows the trend where cryptocurrencies tend to mimic the volatility of stock markets when there is a crisis situation.
Strategic Moves Amidst Market Turmoil
To the dismay of all, on March 7, 2025, President Trump executed an executive order for the establishment of a Strategic Bitcoin Reserve. The views on whether the move is good or bad are divided. Analysts say that it was perhaps weak in the sense that it entailed no fresh buying of Bitcoins.
Aside from that, Trump’s launching of a meme coin in January raised an eyebrow among the crypto community, and holders of such tokens lost substantial amounts of money.
Potential Long-Term Opportunity
Despite the near-term issues, there are some market analysts that are optimistic regarding the store-of-value role of Bitcoin in the long run. Similar to gold with a fixed upper limit supply of 21 million bitcoins, the cryptocurrency can no longer be mined after that. Market analysts believe that Bitcoin’s price movement never reduces its long-term value.
