$BTC

As of March 10, 2025, Bitcoin (BTC) is trading at approximately $80,612, reflecting a 6.58% decline from the previous close. This downturn follows a recent peak above $92,800 on March 6, 2025. The market's reaction to President Donald Trump's March 7 executive order establishing a strategic cryptocurrency reserve has been muted. The order proposes utilizing existing government-held tokens, disappointing investors anticipating new acquisitions. Additionally, macroeconomic concerns are overshadowing these developments, contributing to increased selling pressure. Analysts are closely monitoring Bitcoin's 200-day simple moving average, currently around $83,200, as a critical support level. A sustained breach below this threshold could signal further bearish momentum.