Bitcoin Market Trends

Despite the US Bitcoin reserve executive order in place, the recent decline has caused Bitcoin’s price volatility to reach its highest level of the year.

Bitcoin briefly fell below $80k today, trading at $81,190 after a decline of over 5%.

Market Cap: The market cap has reached $1.61 trillion, reflecting a decline of 5.72%. The 24-hour market volume of BTC surged over 88%, reaching $33.28 billion.

These fluctuations indicate increasing volatility in Bitcoin’s prices. Annualized volatility hit 59.4% on Monday, stabilizing at around 58%. This week’s volatility is reportedly the highest since December of the previous year.

Unlike in December 2024, when Bitcoin’s price surged amid optimistic market expectations of a pro-crypto Trump administration, Bitcoin has seen a decline of over 15% in the past month.

This change in volatility comes after Trump’s executive order to create a strategic Bitcoin reserve and his meeting with leaders in the digital asset industry at a ‘Crypto Summit’, including notable figures like Michael Saylor and Coinbase CEO Brian Armstrong.

Trump’s ‘crypto czar’ David Sacks mentioned that the US would not sell the 200,000 Bitcoins held in the reserve, treating them instead as a ‘digital Fort Knox.’