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Sunday Blues for Bitcoin as It Tumbles Back to $80K
President Trump acknowledged that some of his policies will cause pain in the short term.
Updated Mar 9, 2025, 11:27 p.m. Published Mar 9, 2025, 11:20 p.m.
What to know:
- Another Sunday selloff took bitcoin (BTC) back to $80K and within view of its 2025 low.
- President Donald Trump acknowledged that the economy could see short-term pain from his policies.
lt's yet another Sunday selloff in crypto, with bitcoin looking set to retest its 2025 low of just about $78,000.
At just past 7:00 pm ET, bitcoin had slumped to exactly $80,000, down 7% over the past 24 hours. The world's largest crypto did manage the most modest of bounces from there, trading at $80,700 at press time. Ether , solana and were lower by similar amounts, while and had plunged closer to 12%.
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"There could be a little disruption," said U.S. President Donald Trump in a Fox News appearance on Sunday when asked about the impact of his tariff and budget-cutting policies. "If you look at China, they have a 100-year perspective … we go by quarters," he continued. "What we’re doing is building a foundation for the future."
Trump's comments were dubbed "Volckering" by some on social media — a reference to former Federal Reserve Chairman Paul Volcker. Shortly after being appointed to the position by Jimmy Carter in 1979, Volcker moved to break the back of a decade-long inflation by jacking up short term rates to unheard of levels, knowing that by doing so, the U.S. would surely have to experience a brutal recession.
By the time Volcker had finished tightening policy roughly 18 months later, the Fed funds rate had hit 20% and the economy indeed had gone through a difficult contraction. Inflation, however, was broken and the stage was set for growth throughout most of the following decade.
In early Sunday evening action, U.S. stock index futures were lower by about 0.85% across the board.
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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