Crypto Market Sheds $440 Million in Hours Amid Volatility

The crypto market has just undergone a heavy correction, losing 440 million dollars in capitalization. Several poor decisions made recently by American President Donald Trump have negatively affected investors. Among geopolitical tensions and economic uncertainties, the crypto market is going through a significant phase of turbulence.

Is Trump sinking the crypto market? Millions of dollars already lost

The crypto market is currently experiencing a significant drop of more than 400 million dollars in market capitalization. On Monday, March 10, 2025, the total capitalization rises to 2,660 billion dollars, after dropping from a peak of 3,110 billion dollars the day before. Several factors have fueled this bearish trend. First, the tense exchange between Donald Trump and Ukrainian President Volodymyr Zelensky in the Oval Office has created uncertainties.

Next, the threat of new tariffs imposed by the United States on Canada, China, Mexico, and recently against Russia has added fuel to the fire. And finally, Donald Trump’s announcement of the creation of a strategic reserve of bitcoins in the United States. The management of this crypto reserve, far from reassuring investors, has contributed to exacerbating the market correction, leading to a drop to 2,610 billion dollars on Sunday evening.

A wave of liquidations and uncertainties ahead

According to recent crypto data, this market decline has triggered a massive liquidation of 3.64 billion dollars in open positions, and the disaster could well continue. Indeed, the bitcoin is currently at 82,130 dollars, a critical level that could trigger a cascade of liquidations of over 1.13 billion dollars in long positions. This would worsen the selling pressure and heighten the current correction of the crypto market, but for how long?

During an appearance on Fox News, Donald Trump acknowledged that his policies could lead to economic pain in the short term, but he insisted that these measures aimed at building a solid future for the United States. It remains to be seen whether the crypto market will be able to reverse this bearish trend or if this is the start of a prolonged correction.