{"id":21868,"date":"2025-03-10T10:28:25","date_gmt":"2025-03-10T08:28:25","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-price-tests-80000-mark\/"},"modified":"2025-03-10T10:28:25","modified_gmt":"2025-03-10T08:28:25","slug":"bitcoin-price-tests-80000-mark","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-tests-80000-mark\/","title":{"rendered":"Bitcoin Price Tests $80,000 Mark"},"content":{"rendered":"<p>On the night of March 10, the price of the leading cryptocurrency neared the $80,000 level. The cryptocurrency fear and greed index dropped <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">to 20<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"617\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2025-03-10_09-15-55-1024x617.png\" alt=\"BTCUSD_2025-03-10_09-15-55\" class=\"wp-image-253606\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2025-03-10_09-15-55-1024x617.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2025-03-10_09-15-55-300x181.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2025-03-10_09-15-55-768x463.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2025-03-10_09-15-55.png 1327w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USD chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Over the past day, digital gold has depreciated by 4.3%. At the time of writing, the asset is trading around $85,700.<\/p>\n<p>The reaction of most leading altcoins to the flagship&#8217;s price movements was more pronounced. Ethereum&#8217;s price tested $2000. Over 24 hours, the second-largest cryptocurrency by market capitalization fell by 5.2%. Dogecoin dropped by 8.5%, and Cardano by 8.2%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"593\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-27-1024x593.jpg\" alt=\"Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-27\" class=\"wp-image-253607\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-27-1024x593.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-27-300x174.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-27-768x445.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-27.jpg 1140w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>The market capitalization decreased by 5.8% to $2.795 trillion.<\/p>\n<p>The daily liquidation volume approached $620 million, with a significant bias towards longs.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"334\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Liquidations-Cryptocurrency-Liquidations-Real-Time-Liquidation-Heatmap-Binance-Liquidations-CoinGlass-Google-Chrome-4-1024x334.jpg\" alt=\"Bitcoin-Liquidations-Cryptocurrency-Liquidations-Real-Time-Liquidation-Heatmap-Binance-Liquidations-CoinGlass-Google-Chrome-4\" class=\"wp-image-253608\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Liquidations-Cryptocurrency-Liquidations-Real-Time-Liquidation-Heatmap-Binance-Liquidations-CoinGlass-Google-Chrome-4-1024x334.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Liquidations-Cryptocurrency-Liquidations-Real-Time-Liquidation-Heatmap-Binance-Liquidations-CoinGlass-Google-Chrome-4-300x98.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Liquidations-Cryptocurrency-Liquidations-Real-Time-Liquidation-Heatmap-Binance-Liquidations-CoinGlass-Google-Chrome-4-768x250.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Liquidations-Cryptocurrency-Liquidations-Real-Time-Liquidation-Heatmap-Binance-Liquidations-CoinGlass-Google-Chrome-4.jpg 1371w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coinglass.com\/LiquidationData#!\">Coinglass<\/a>.<\/figcaption><\/figure>\n<p>According to BitMEX co-founder Arthur Hayes, there is a high probability that Bitcoin will retest $78,000. In this scenario, the next target would be $75,000, the expert believes.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">An ugly start to the week. Looks like <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> will retest $78k. If it fails, $75k is next in the crosshairs. There are a lot of options OI struck $70-$75k, if we get into that range it will be violent. <a href=\"https:\/\/t.co\/q4cq0rthGJ\">pic.twitter.com\/q4cq0rthGJ<\/a><\/p>\n<p>\u2014 Arthur Hayes (@CryptoHayes) <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/1898867933679616103?ref_src=twsrc%5Etfw\">March 9, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He also noted that a significant volume of open positions in Bitcoin options is concentrated in the $70,000-75,000 range.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIf we get into this range, it will be tough,\u201d the expert concluded.<\/p>\n<\/blockquote>\n<p>WhaleWire founder and CEO Jacob King believes a bear market has arrived.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> plunges below $80,000.<\/p>\n<p>\u2014 $5+ billion in longs liquidated in just 4 days.<br \/>\u2014 BTC is down nearly -30% from January. <br \/>\u2014 BTC Strategic Reserve not what bulls wanted.<br \/>\u2014 Price broke 200-day average, very bearish.<br \/>\u2014 Institutional demand gone, record ETF outflows.<br \/>\u2014 El\u2026 <a href=\"https:\/\/t.co\/EZvMwkxOCa\">pic.twitter.com\/EZvMwkxOCa<\/a><\/p>\n<p>\u2014 Jacob King (@JacobKinge) <a href=\"https:\/\/twitter.com\/JacobKinge\/status\/1898875999150039316?ref_src=twsrc%5Etfw\">March 9, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Among the main negative factors, he cited:<\/p>\n<ul class=\"wp-block-list\">\n<li>Bitcoin&#8217;s drop of nearly 30% from January levels;<\/li>\n<li>liquidation of long positions amounting to over $5 billion in the past four days;<\/li>\n<li>market participants&#8217; disappointment regarding the US crypto reserve;<\/li>\n<li>decline in institutional demand, reflected in record ETF outflows.<\/li>\n<\/ul>\n<p>CEO of Swan Bitcoin, Cory Klippsten, <a href=\"https:\/\/u1f987.com\/en\/news\/swan-bitcoin-ceo-bitcoin-below-100000-signals-a-bull-run-pause\">is confident<\/a> that Bitcoin trading below $100,000 signals a pause in the bull rally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the night of March 10, the price of the leading cryptocurrency neared the $80,000 level. The cryptocurrency fear and greed index dropped to 20. 15-minute BTC\/USD chart on Binance. Data: TradingView. Over the past day, digital gold has depreciated by 4.3%. At the time of writing, the asset is trading around $85,700. The reaction [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-21868","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=21868"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21868\/revisions"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}