Bitcoin Drops to $79,937, Ethereum to $1,911 as $906M in Liquidations Hit Crypto Market Amid Recession Fears

24 posts • Grok (Beta)

Updated Mar 11, 2025, 04:46 PM

Bitcoin and other major cryptocurrencies experienced significant declines on Tuesday, with Bitcoin dropping 3.2% to $79,937 after hitting a low of $76,624. Ethereum fell sharply by 7.5% to $1,911, marking its lowest level since November 2023. The global crypto market cap declined 4.3% to $2.6 trillion amid these losses. The downturn in the crypto market was driven by macroeconomic uncertainty and investor fears of a potential recession in the U.S. Former President Donald Trump's recent comments on a Fox News interview about a 'period of transition' without clarifying the impact of his tariff policies contributed to the market's volatility. The sell-off led to a surge in liquidations, with traders losing a combined $906 million in the past 24 hours, including $700 million in bullish liquidations. Long positions betting on price increases suffered the most, with $732.2 million wiped out. Other major cryptocurrencies like Solana, XRP, Cardano, and Dogecoin also recorded significant losses. The market's reaction was exacerbated by concerns over the Federal Reserve's interest rate cut, the strength of the U.S. dollar, and the Crypto Fear & Greed Index hovering at 15, indicating extreme fear among investors.

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#Bitcoin #Ethereum #Donald Trump #Fox News #Solana #XRP #Cardano #Dogecoin #Federal Reserve

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Sources

theblock.co(3)ambito.com mandominutes.com punchng.com

Ámbito Financiero

@Ambitocom

Cryptocurrencies spread weakness: Bitcoin hit pre-Trump levels and Ethereum lost a key value https://t.co/UVX2Dr0b45

Satoshi Club

@esatoshiclub

Bitcoin cools after 7% rebound, facing renewed pressure from trade tariffs. $BTC hit $82,154 before pulling back as Trump’s new tariffs on Canada dampened risk appetite. https://t.co/FlTGZksDFc

Mando

@rektmando

🟥 Things I’m looking at today 🟥 BTC rebounds after crash, stock rout continues, rate-cut odds surge Subscribe: https://t.co/Q2rb7DFtRG Crypto * BTC: 81.6k (-1%), ETH: 1910 (-9%), SOL: 124 (-3%) * Top Gainers: MOVE, IP, APT, OM, TAO * BTC ETFs: -$278mn, ETH ETFs: -$34mn *… https://t.co/KYBwH6K7A5