Bitcoin Price Update

On March 9, 2025, bitcoin’s (BTC) price dipped to an intraday low of $80,000, a 6.6% drop against the U.S. dollar. As of 7:35 p.m. ET on Sunday, the price remains near the $80,500 level, carrying a market cap of roughly $1.59 trillion. Since Friday, BTC’s market valuation has been trimmed by about $200 billion, with $110 billion of that reduction occurring within the last 24 hours. BTC’s price also saw a decrease of approximately $6K.

This weekend’s decline in bitcoin’s price was largely shaped by market reactions to President Trump‘s executive order on the Strategic Bitcoin Reserve, which left investors feeling disheartened.

BTC/USD 1H chart Bitstamp on March 9, 2025.

Indications suggest that prevailing economic uncertainties, including U.S. tariff wars, have contributed to the price fluctuations. Experts expect short-term adjustments to continue until mid-April, influenced by a stronger U.S. dollar and Federal Reserve policies.

Today, $201 million in BTC long positions were liquidated, with the broader crypto economy seeing $582.86 million eliminated, including $522.95 million in long positions. Alongside BTC, alternative digital assets like SOL, ETH, XRP, and DOGE also experienced declines. The total crypto market now stands at $2.65 trillion after a loss of 6.42% today.