#bitcoinpolicyshift
Government’s Shocking Decision Sends Bitcoin Tumbling – Crypto Market in Turmoil!
The Policy Shift That Shook the Market
On March 7, 2025, the cryptocurrency world was rocked by a major policy shift. According to Crypto Rover, the government's decision not to acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings sent shockwaves across the Bitcoin market.
Financial expert David Sacks was among the first to point out the consequences of this move, highlighting how this sudden shift in strategy sparked panic selling, causing Bitcoin’s price to plummet.
Bitcoin Faces a Sharp Decline
The Bitcoin (BTC) market responded swiftly and brutally. Within just one hour of the announcement:
Bitcoin’s price nosedived from $64,500 to $61,200 (Coin Market Cap, 14:00 UTC)
BTC/USD trading volume surged by a staggering 45%, rising from 15,000 BTC to 21,750 BTC (Coinbase, 14:00 UTC)
The Relative Strength Index (RSI) fell sharply from 60 to 45, signaling that Bitcoin was entering oversold territory (Trading View, 14:00 UTC)
A bearish MACD crossover further fueled fears of continued downside potential (Clingy, 14:00 UTC)
These indicators painted a clear picture: investor confidence was crumbling.
Alt Coins Follow Bitcoin’s Downward Spiral
The panic wasn't just limited to Bitcoin. Alt Coins suffered even steeper losses:
Cardano (ADA) plunged from $0.45 to $0.40
Solana (SOL) tumbled from $150 to $140
Ethereum (ETH) dipped from $3,200 to $3,050, despite a 30% spike in trading volume (Binance, 14:00 UTC)
A bearish MACD crossover further fueled fears of continued downside potential (Country, 14:00 UTC)What’s Next for Crypto?
With Bitcoin's price hanging in the balance and altcoins bleeding, investors are left wondering: Is this a short-term panic, or the start of a prolonged downtrend?
Analysts suggest that:
If Bitcoin breaks below $60,000, we could see further declines toward $58,000 or lower.
If bulls regain control, Bitcoin may stabilize and attempt a recovery back above $63,000.
