4 Factors that Influencing Bitcoin Price Now is Down!

Bittime - Bitcoin prices now have experienced significant volatility in the past week, influenced by various global economic and political factors. 

Several factors influence current BTC price movements. Anything? Read this article to find out more!

Bitcoin Price Now

Source: Bittime.com

Based on the Bittime market, Bitcoin price today fell 3.69% in 24 hours, and was trading at $82,000 at the time of writing this article. 

Bitcoin prices now experience volatility quite often which is influenced by several factors, such as strategic crypto reserves, new tariff policies, White House meetings, as well as the US employment report. 

Read Also: List of US Crypto Reserve Tokens Announced by Donald Trump 

Strategic Crypto Reserve

On March 2, President Donald Trump announced plans to create a strategic crypto reserve called “Digital Fort Knox” to strengthen the US position in the digital asset industry, which includes BTC, ETH, XRP, and ADA.

This announcement immediately impacted market prices, with Bitcoin surging 13% from a low of $78,200 to a peak of $95,000 within 48 hours. Likewise, XRP rose 40% and Cardano doubled.

The decision to include altcoins in this reserve sparked debate among Bitcoin supporters, but this move was said to be an effort to diversify and strengthen the blockchain ecosystem as a whole.

However, after the initial surge, the market came under pressure again due to profit-taking by short-term traders, resulting in four consecutive days of weakness in the Bitcoin price now.

New Import Tariffs

On March 3, President Trump announced new import tariffs of 25% on all products from China and Mexico, in a move to protect domestic industries. 

This policy rocked global financial markets, including the crypto market, causing a massive sell-off in risk assets. Bitcoin prices also slumped to a weekly low of $81,400 on March 4.

Responding to negative reactions and pressure from the domestic business sector, the US government then reduced the impact of this policy by excluding imports from Mexico and delaying the implementation of automotive tariffs for one month. 

The move provided some relief to the crypto market, which had pushed BTC prices back to $89,000 on March 6, although Bitcoin prices have now fallen to $82,000.

Read Also: Donald Trump Makes Bitcoin Prices Fall, This Is His Action! 

White House Summit

Additionally, last week closed with a meeting at the White House discussing the future of the crypto industry in the US. This event was attended by industry leaders and regulators to discuss regulations and digital ecosystem development opportunities.

Prior to this meeting, David Sacks, a crypto and AI policy advisor in the Trump administration, criticized the previous administration for failing to capitalize on profits from Bitcoin assets confiscated by the government. 

In this meeting, President Trump signed an executive order confirming the creation of a "Digital Fort Knox" 

However, the lack of concrete steps in regulatory policy disappointed the market so that Bitcoin prices fell 4% after the meeting.

US Employment Report

The US employment report or Non-Farm Payrolls (NFP) released on March 7 showed an increase in unemployment figures.

This raises concerns about prolonged inflation and the possibility of tighter monetary policy from the Federal Reserve.

These macroeconomic conditions add pressure to Bitcoin prices now as investors begin to reconsider their exposure to risky assets if central banks raise interest rates more aggressively.

Read Also: When is the Right Time to Buy Bitcoin? 

Conclusion

Those are several factors that can influence Bitcoin price now is entering a decline phase. 

Developments in US economic policy, communications from the Federal Reserve, as well as announcements regarding crypto regulations need to be observed because they can determine the direction of the next BTC price movement.

Read Also: Bitcoin Price Prediction Today March 11 

Bitcoin FAQs

What are Bitcoins?

Bitcoin is the world's first crypto asset and the largest crypto asset by market capitalization. Bitcoin was first created in 2009 by Satoshi Nakamoto, whose true identity until now no one knows.

How many Rupiah is 1 BTC?

Currently, 1 BTC is worth IDR 1,347,974,320 based on the Bittime market. 

1 BTC How much is USD?

Currently, 1 BTC is worth $82,390 according to Coinmarketcap. 

How to Buy Crypto with Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

Reference

Coingape, Bitcoin Price Analysis: 4 Events that Drove BTC Markets Last Week, and Next Big Move to Expect, accessed March 10, 2025.

Coinmarketcap, Coinmarketcap Bitcoin Currency, accessed March 10, 2025.

Author: IPR