Bitcoin took a sharp dive late Sunday night, dropping to $82,267, marking a 5% decline in the last 24 hours. Market data from Monday confirms that uncertainty around U.S. President Donald Trump’s economic policies is rattling investors.
The entire cryptocurrency market shrank by 5%, bringing its total valuation down to $2.77 trillion. Solana tumbled 7%, while XRP and Ethereum each lost 5%, with Ethereum hovering near the $2,000 mark.
Solana has been under pressure for months, seeing $485 million in outflows in February. Investors have been shifting capital to Ethereum, Arbitrum, and the BNB Chain, reflecting a broader move toward safer assets. A report from Binance Research suggests that fear-driven selloffs are driving this trend.
The recent downturn has wiped out nearly 17% of the total cryptocurrency market value since early 2025, with memecoin scams adding to the chaos. Despite the selloff, Bitcoin’s dominance remains steady at 58.2%, showing that investors still see it as a leading asset.
The crash also triggered $616 million in liquidations over the past 24 hours, according to Coinglass. Long positions were hit hardest, losing $540.49 million, with Bitcoin alone accounting for $231 million in liquidations.
Adding to the pressure, Bitcoin futures on the Chicago Mercantile Exchange (CME) opened at $82,110 on March 10, down $4,320 from the previous day’s close. This follows a massive $10,350 drop on March 3, making it the second-biggest single-day fall for CME futures this month.
Driving the market’s uncertainty are Trump’s recent comments on budget cuts and trade tariffs. In a March 9 Fox News interview, he admitted his policies would cause “temporary economic pain.” His remarks have spooked investors, leading to caution not just in crypto but across financial markets.
With volatility at an all-time high, traders are bracing for more turbulence in the days ahead.
