As of March 11, 2025, Bitcoin continues to show a decrease in value. The current price is $80,973, which is $812 (0.99%) less compared to the previous close. Throughout the day, the price fluctuated between $76,749 and $83,814.
This decline is related to the recent executive order by US President Donald Trump to create a Strategic Cryptocurrency Reserve, which will consist solely of confiscated assets, without new government purchases. This news raised concerns among investors, leading to a decrease in the price of Bitcoin.
Furthermore, on March 11, the bankrupt exchange Mt.Gox transferred 11,501 BTC (~$905 million) to an unknown address, which may also have affected the market.
Analysts predict that Bitcoin has the potential to reach a new high by June, which could affect other cryptocurrencies, such as $SOL , $XRP and DOGE.
