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Finbold
2025-03-10 14:50:17

Bitcoin just made the biggest weekly price drop in history

Juxtaposing the price forecasts made in late 2024 with the actual trading in the first quarter (Q1) of 2025 reveals that the cryptocurrency market has not been performing as expected. As the world’s premier and most prominent digital asset, Bitcoin ( BTC ) perfectly encapsulates this fact. Indeed, not only is the coin 15.14% in the red in 2025, but it has also ended its worst-ever week in terms of a dollar-value drop by the early morning of March 10. BTC YTD price chart. Source: Finbold Specifically, BTC recorded a massive $13,561 red weekly candle in the 7-day period that started on March 3. Though there was some upward action on the morning of March 10, it was uncertain, and Bitcoin’s price remained depressed at $81,304. Bitcoin’s massive weekly red candle. Source: BitcoinArchive & TradingView Interestingly, the situation in the final month of Q1 2025 is that many of the factors expected to provide bullish momentum for the cryptocurrency industry have been fueling the downturn instead. Why Bitcoin is falling in 2025 Bitcoin’s rally in the aftermath of Donald Trump’s re-election generated 11,000 new BTC millionaires within hours, eventually leading the coin to reach new all-time highs (ATH) above $107,000. The Republican was expected to usher in more crypto-friendly policies, end the regulatory crackdown on digital assets, establish a strategic reserve either filled with BTC or a selection of coins and tokens , and generally strengthen the U.S. economy. In practice, President Donald Trump has – at least in the first month and a half of his second term – caused substantial market turbulence, participated in the launch of a set of opportunistic meme coin launches , damaged diplomatic and economic ties with traditional U.S. allies, and taken no truly decisive steps toward establishing a strategic reserve. By press time, the turbulence and uncertainty had been so severe that even the explicit pro-crypto steps taken under the current administration – the Securities and Exchange Commission’s (SEC) decision to drop numerous probes and lawsuits targeting the industry being the chief example – have done little to stem the sell-off. Featured image via Shutterstock The post Bitcoin just made the biggest weekly price drop in history appeared first on Finbold .

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