TLDR
Bitcoin fell to $80,000 in another Sunday selloff, approaching its 2025 low of $78,000
President Trump acknowledged his policies might cause “a little disruption” in the short term
Trump’s Bitcoin reserve will use seized crypto, not taxpayer funds for new purchases
A White House crypto summit yielded few concrete regulatory details
Other cryptocurrencies including Ethereum, Solana, XRP, Cardano and Dogecoin also saw steep declines
Bitcoin (BTC) experienced a sharp decline over the weekend, dropping to $80,000 during Sunday’s trading. This represents a 7% decrease in just 24 hours. The world’s largest cryptocurrency bounced slightly to $80,700 after hitting the $80,000 mark.
The latest drop brings Bitcoin within range of its 2025 low of approximately $78,000. This continues a pattern of weekend volatility that has become familiar to crypto investors.
Other cryptocurrencies followed Bitcoin’s downward trend. Ethereum (ETH), Solana (SOL), and XRP fell by similar percentages. Cardano (ADA) and Dogecoin (DOGE) saw even steeper declines, plunging by nearly 12%.
President Donald Trump commented on the potential economic impact of his policies during a Fox News appearance on Sunday. He admitted there “could be a little disruption” from his tariff and budget-cutting measures.
Trump compared his approach to China’s long-term planning. “If you look at China, they have a 100-year perspective… we go by quarters,” he stated. The President emphasized that his administration is “building a foundation for the future.”
TRUMP: “There could be a little disruption. You can’t really watch the stock market. If you look at China, they have a 100-year perspective… we go by quarters. What we’re doing is building a foundation for the future.”
Trump 2.0 is very different.He’s Volcker-ing™️ himself. pic.twitter.com/OsqmQA7k2H
— Geiger Capital (@Geiger_Capital) March 9, 2025
Some social media users dubbed Trump’s comments as “Volckering.” This references former Federal Reserve Chairman Paul Volcker, who raised interest rates sharply in the early 1980s to combat inflation, causing a recession but setting up future economic growth.
Trump’s Crypto Policies Fall Short
Trump recently signed an executive order approving the formation of a national Bitcoin reserve. The reserve will also include four altcoins: Ethereum, XRP, Solana, and Cardano.
However, the order does not involve new cryptocurrency purchases using taxpayer funds. Instead, the reserve will be formed from crypto assets seized by the government, mainly through the Department of Justice.
While Trump instructed his trade and commerce secretaries to explore “budget-neutral” strategies to buy Bitcoin, specific details remain unclear. The lack of direct purchasing measures disappointed many crypto advocates who had hoped for more aggressive government action.
The White House hosted a summit of cryptocurrency executives on Friday. The Bitcoin reserve was a major focus of discussion. However, the meeting produced few concrete details about Trump’s regulatory plans for the industry.
Trump has promised crypto-friendly policies throughout his campaign. Several of his key regulatory appointees are known to have pro-cryptocurrency stances.
U.S. stock index futures were also down by about 0.85% across the board in early Sunday evening trading. This suggests broader market uncertainty beyond just the cryptocurrency sector.
The cryptocurrency market appears sensitive to economic concerns, including worries about slowing U.S. growth and Trump’s planned trade tariffs. Investors are now focusing on upcoming U.S. inflation data for further insights into the economy and potential interest rate changes.
Bitcoin’s price remains above $80,000 despite the recent decline. The cryptocurrency had reached all-time highs earlier this year but has struggled to maintain that momentum in recent weeks.
