🔴 As of March 10, 2025, the cryptocurrency market is experiencing a significant pullback, with major cryptocurrencies such as Bitcoin $BTC and Ethereum $ETH facing notable declines.
🔴 This downturn follows President Donald Trump's executive order to establish a U.S. strategic Bitcoin reserve, sourcing assets solely from criminal and civil forfeitures rather than new government purchases. This approach has disappointed investors who anticipated more aggressive government involvement in the crypto market.
🔵 Market analysts had previously predicted a peak in cryptocurrency prices by March 2025, followed by a potential correction. For instance, Arthur Hayes, co-founder of BitMEX, forecasted that Bitcoin would reach around $180,000 in Q1 2025, with a subsequent pullback of approximately 30% during the summer months.