Bitcoin Drops 15% to $76,600 Amid Trade War Fears, Recession Hints

On March 11, 2025, Bitcoin experienced a significant market crash, dropping to $76,600. The cryptocurrency has since shown brief recoveries but has yet to regain its strength, leaving investors uncertain about its future trajectory. The past 24 hours have been marked by volatility, with Bitcoin struggling to maintain stability. The crash has raised questions about whether Bitcoin can recover or if another breakdown is imminent.

The recent downturn in the crypto market has been driven by growing concerns over a potential trade war and disappointment surrounding the government’s crypto reserve plans. The market has been further unsettled by comments from the President, who hinted at the possibility of a recession. These factors have led to a significant decline in risk appetite among investors, who are now gravitating toward safer investments.

The crypto market has experienced a broader trend of declining risk appetite among investors, with many now steering clear of the notoriously volatile cryptocurrency market. This shift has been influenced by the Federal Reserve's announcement in December that it would not implement as many interest rate cuts in 2025 as previously anticipated. This has led to a significant decline in risk appetite among investors, with many now steering clear of the notoriously volatile cryptocurrency market.

Despite the challenges, there are signs of potential relief for risk assets, including Bitcoin. The recent rise in the Japanese yen may have contributed to the risk aversion on Wall Street and in the crypto market. However, the bullish positioning in the yen looks overstretched, with speculators holding record longs. This sets the stage for a potential bearish reversal, which could offer relief to risk assets.

On March 10, the trading day began with a slight downward move as BTC found support at $80,375.59. Shortly after, at 00:35 UTC, a golden cross on the MACD line triggered an upward channel. By 3:00 UTC, a death cross briefly pushed the price down, but BTC remained within the upward trend. At 8:35 UTC, the RSI indicator signaled an oversold condition, briefly causing a price dip. However, a golden cross at 9:10 UTC, followed by an overbought situation at 9:20 UTC, pushed the price toward a resistance level of $84,119.82. BTC fluctuated, and