Bitcoin price plummets to lowest level since November 2024

This decline comes amid global financial market turmoil and tightening monetary policy. This move not only affects the value of Bitcoin but also the entire cryptocurrency market, causing many altcoins and related companies to plummet.

Bitcoin falls to lowest level since November 2024

On March 11, 2025, Bitcoin fell 6.8%, bringing the value of this digital currency down to $ 77,416. This is the lowest price of Bitcoin since November 10, 2024, marking a strong correction after months of hot growth.

The plunge comes amid rising trade tensions between major economies, leading to concerns about a global recession. In addition, the US Federal Reserve’s (FED) monetary policies are also putting pressure on the digital asset market, causing investors to withdraw capital from Bitcoin and other cryptocurrencies.

Bitcoin's price drop is not just a technical correction but also comes from many macro factors:

Tightening monetary policy: The FED continues to maintain high interest rates, reducing the attractiveness of risky assets, including Bitcoin. Investors tend to shift capital to safer investment channels such as bonds and gold.

Geopolitical tensions: Trade conflicts between the US and other major economies such as China, the European Union (EU) and Russia are escalating, causing instability in financial markets in general. Bitcoin, which is considered a safe haven asset in many cases, is not immune to the impact this time.

Market sentiment is down: Although US President Donald Trump has announced a number of measures to support the cryptocurrency market, including the establishment of a national Bitcoin reserve and a separate investment fund for other tokens, this has not been enough to revive investor confidence.

Altcoins and related companies are also affected

Not only Bitcoin, major altcoins such as Solana (SOL), Cardano (ADA), XRP also plummeted. These coins were once mentioned as potential candidates for the US digital asset reserve, but could not avoid the general downward trend of the market.

In addition, stocks of companies operating in the cryptocurrency sector were also significantly affected:

Coinbase Global lost 18%, the biggest drop since July 2022.

MicroStrategy, a highly leveraged Bitcoin holding company, fell 17%.

Marathon Digital Holdings and Riot Platforms, two major Bitcoin mining companies, fell 15% and 12% respectively.

The Future of Bitcoin and the Cryptocurrency Market

Despite the sharp correction that Bitcoin is going through, many analysts remain optimistic about its long-term prospects. History shows that Bitcoin has a history of high volatility, and after each decline, it has been able to recover significantly.

Factors that support Bitcoin in the future may include:

Bitcoin Halving 2024, this event could help reduce BTC supply and push the value back up.

Growing acceptance by large institutions, including traditional investment funds.

Clearer regulations on cryptocurrencies, making the market more transparent and stable.