Why Bitcoin is down 25% from all-time high?

By Sheetal Kumari | March 3, 2025

MC Desk | March 4, 2025

Why Bitcoin is down 25% from all-time high?

Bitcoin tumbled over 9% on March 4, falling below $84,000 after briefly testing $95,000 a day before, as volatility surged in the crypto market.

Bitcoin slips below $84,000

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The fall comes after US President Donald Trump imposed fresh tariffs on China, Canada and Mexico, sparking a selloff in global equities and crypto assets.

Fresh US tariffs trigger selloff

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Ethereum dropped over 11% to $2,096, while Solana plunged 15% to $568; Cardano, XRP, and Dogecoin also witnessed sharp declines.

Other cryptocurrencies take a hit

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Bitcoin is down 23% from its all-time high of $109,026

Bitcoin retreats 23% from record high

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Crypto is down as investor sentiment has shifted amid economic uncertainty

Why it is down?

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The recent rally, driven by Trump’s proposal to include Bitcoin in the US Strategic Reserve, fizzled out as fresh tariffs reignited market fears.

Crypto rally short-lived

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China and Canada announced retaliatory tariffs, with China imposing up to 15% duties on select US imports, further denting investor confidence in riskier assets.

Trade war fears add to pressure

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Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Next: What is New U.S. Strategic Cryptocurrency Reserve? All You Need to Know
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