Bitcoin and Ether experience major declines
10th March 2025 – (New York) Bitcoin, the world’s largest cryptocurrency by market value, was trading down approximately 5.47% at $81,555 as of 2216 GMT on Sunday. Ether, the second-largest cryptocurrency, also saw a decline, falling 5.4% to $2,024.68 at 2222 GMT the same day.
While the prospect of Bitcoin dropping to $60,000 may appear bearish in the short term, such a move would not be unprecedented. In 2021, Bitcoin experienced a similar trajectory, undergoing a drop before initiating a substantial rally. The critical factor to watch will be the duration for which Bitcoin remains below this vital support level.