Bitcoin falls on 76,000 US dollars after Trump does not exclude a recession

• Ether fell by 9%, XRP fell by 2%and Dogecoin lost in 24 hours over 8%
• Investors react to Trump's comments on a possible recession
• The US stock market lost more than 1.7 trillion dollars in value

The crypto prices have dropped to the entire board, whereby Bitcoin has dropped below 77,000 US dollars, since investors continued to respond to US President Donald Trump and the Bitcoin Reserve plan.

In the early morning hours of March 11, Bitcoin, fell to 76,000 US dollars, a number that has not been seen since last September. In a post on x Krypto dealer Ali said:

"If #bitcoin $ BTC holds 80,000 US dollars, the bull case remains strong. However, the loss of this level could bring in 69,000 US dollars as the next important support!"

if #bitcoin $ btc Holds $ 80,000, The Bull Case Remains Strong. Losing This Level, However, Could Put $ 69,000 in Play as The Next Key Support! pic.twitter.com/puQtrgkf0J

- ali (@ali_charts) March 11, 2025

According to CoinmarketCap, Bitcoin has risen slightly and is around 81,600 US dollars at the time of publication. The ether had decreased by over 9% in 24 hours to $ 1,920, the XRP had fallen by more than 2% with $ 2.13, and Dogecoin had decreased by over 8.81% to USD 0.1607.

The market reacts

The news of the continued market sale comes, since investors are on Trump's trade tariffs, the announcement of the US strategic bitcoin reserve and the possibility of recession.

After Trump's statements, the 1.7 trillion US dollars lost in value yesterday. In Elon Musks Tesla, his shares fell by at least 15% to 222 US dollars and lost over half of their value compared to the highlight of the December highlight of $ 479.86. In a post on X Musk said: "It will be fine in the long term."

The market conditions were not supported by Trump's trade tariffs in Canada, China and Mexico. Last month it was confirmed that Trump was imposed on Canada and Mexico a 25% trading tariff. However, this has been delayed until the time until 2. April . China had a 20% tariff.

Bitmex co-founder Arthur Hayes increased X to ask people to be " patient ."

"$ BTC probably contributes around 70,000 US dollars. 36% correction of 110,000 US dollars ATH, V normal for a bull market," added:

"dealers will try to buy the DIP if you are more risk -avers waiting for the central banks to make more capital. You may not catch the ground, but you also do not have to suffer mentally due to a long time of the side and potential not realized losses."