Why is Bitcoin’s Price Going Down Today?
Bitcoin, the world’s most famous digital money, has seen its price drop a lot in the past few days. This sudden change has left many people who invest in it and love it wondering what’s causing it. Let’s find out what’s making Bitcoin’s price go down.
What’s Happening with Bitcoin’s Price?
Bitcoin’s price has been changing a lot, and something big happened recently that made a lot of people sell it. On March 7, 2025, Bitcoin’s price went down to around $86,000 after a special announcement was made[1]. This shows that the digital money market is very sensitive to news and announcements.
What’s Making Bitcoin’s Price Go Down?
Special Reserve Announcement
A special reserve plan was announced recently, and that’s a big reason why Bitcoin’s price is going down. President Trump said the U.S. would start a special Bitcoin reserve, which was supposed to make people more confident in it. But instead, people started selling their Bitcoin after the announcement, which made the price go down a lot[5].
What People are Doing in the Market
After the announcement, people started trading Bitcoin a lot more on big websites like Binance and Coinbase. For example, Binance had 23,456 Bitcoin traded in one hour, and Coinbase had 18,923[1]. This means a lot of people were selling their Bitcoin at the same time, which made the price go down.
What Technical Experts are Saying
From a technical point of view, Bitcoin’s price is going down because of some signs. The MACD line showed a “death cross,” which means the price is going down, and the RSI showed that Bitcoin was being bought too much, which made the price go down even more[3]. These signs, along with the special reserve announcement, are making it hard for Bitcoin’s price to go up.
What’s Happening to Other Digital Money
Bitcoin isn’t the only digital money going down in price. Other digital money like Ethereum, Solana, and Cardano are also going down by 5% to 10%[5]. This shows that many people in the digital money world are not happy with the special reserve announcement.
So, Why is Bitcoin’s Price Going Down?
In simple terms, Bitcoin’s price is going down because of the special reserve announcement and what people are doing in the market. People started selling their Bitcoin after the announcement, and technical signs show that the price is going down. As the digital money world keeps changing, it’s important for people who invest in it to know about big news and understand what’s making the prices go up and down.
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Sources:
– blockchain.news
– coingape.com
– coinfomania.com