🔴Bitcoin (BTC) has dropped 10% over the past week, falling to $80K on the night of March 10. This decline was triggered by the first cryptocurrency summit at the White House, which failed to meet investors’ expectations. Additional pressure came from Trump’s executive order to establish a national Bitcoin reserve without new BTC purchases.
🔴Ethereum (ETH) also hit its lowest level since November 2023, dropping to $1.99K. Later, the market partially recovered: BTC is now trading at $82.2K, while ETH stands at $2.06K.
🔴The total crypto market capitalization shrank by 4.7%, and the Fear & Greed Index fell to 20 points, reflecting strong uncertainty.