#Bitcoin : Rising Volatility Amid Growing Uncertainty
Bitcoin Volatility Peaks
On March 21, Bitcoin dropped by 2%, reflecting increased market uncertainty driven by economic concerns in the US and President Donald Trump’s unstable trade policies.
Elon Musk and DOGE's Role
The political situation has been complicated by the creation of the Department of Government Efficiency (DOGE), founded by Elon Musk. DOGE reports $115 billion saved through budget cuts, staff layoffs, asset sales, and subsidy cancellations. However, the long-term economic impact remains unclear.
How Has Bitcoin Changed Since Trump’s Inauguration?
Since Donald Trump’s inauguration on January 20, #BTC volatility has surged. On that day, BTC hit a historic high of $109,000, followed by a sharp 30% drop to $76,700. Bitcoin is now attempting to find support in the $80,000–$87,000 range, but further declines are possible. The primary driver of this turbulence is high uncertainty, linked to a weakening US economy and unstable White House policies.
Outlook: What’s Next?
Given the current conditions, $BTC remains under pressure, and new all-time highs seem unlikely. However, the crypto market is known for its volatility, and history has shown that recoveries can occur faster than expected.
