Bitcoin (BTC) Price Drops Below $80K, Testing Monthly Lows

The Bitcoin (BTC) price has been on a downward trend, trading at approximately $80,000 as of Monday, March 31, 2025. This decline marks four consecutive days of losses

The price of Bitcoin (BTC) has been trending downward, currently trading at approximately $81,481 as of Monday, March 31, 2025. This decline marks four consecutive days of losses, testing monthly lows and raising concerns among investors.

The Bitcoin price chart showcases this volatility, displaying a 5.45% drop over the past week, aligning with broader market unease.

As of this writing, one Bitcoin on the Bitstamp exchange is priced at $81,481, down 1.2% from the previous session, breaching local support levels and marking the fourth consecutive day in its depreciation streak.

This aligns with the broader sentiment in the cryptocurrency market, as other assets are also losing value.

Here’s a table summarizing recent Bitcoin price movements:

Date

Price (USD)

24h Change (%)

March 28

84,379

-3,3%

March 29

82,608

-2,1%

March 30

82,359

-0,3%

March 31

81,401

-1,2%

Examining what’s driving Bitcoin price declines further, we can see that a significant driver of Bitcoin's decline appears to be macroeconomic uncertainty, particularly surrounding US trade tariffs. President Donald Trump's administration has announced tariffs set to begin on April 2, 2025, targeting imports from Canada, Mexico, and China.

These tariffs include 25% on Canadian and Mexican goods and 10% on Chinese imports, both effective from February 4, 2025, with potential increases. This move sparked fears of a trade war, leading to a risk-off sentiment among investors, who are shifting to safe-haven assets like gold, which has hit all-time highs.

This shift is also evident in Bitcoin's performance, as Cointelegraph reported on March 28, 2025. According to the report, "BTC's ongoing price drop mirrors similar declines in the broader risk-on market due to unfavorable macroeconomic conditions."

The report further explained that the administration's announcement of tariffs, with March 31, 2025, marking the day these tariffs will take effect, has sparked anticipation and ultimately affected Bitcoin.

"Correlation with macroeconomic trends has become a dominant theme for major cryptocurrencies like Bitcoin," said Paul Howard, Senior Director at Wincent. "Observing how the Nasdaq is leading this sell-off provides a framework to attribute similar market behavior across digital assets."

The Nasdaq 100 is in a downward trend, losing value across four sessions last week. On Friday, the tech benchmark fell by 0.5%, closing the week just above 19,000, deepening its year-to-date lows.

Bitcoin Technical Indicators and Market Sentiment

Technical analysis provides further insight into Bitcoin's decline. The market value to realized value (MVRV) ratio,, has converged toward its long-term average, indicating the market has exited an overheated zone. However, Yonsei Dent from CryptoQuant noted, "no definitive bottom signal has emerged yet," suggesting potential for further downside, aligning with a bearish sentiment observed in CoinCodex with a Fear & Greed Index of 26 (Fear).