Bitcoin’s Sunday Funday: A Rollercoaster Ride to $80K! 🎢💸

by

What to know:

  • Another Sunday selloff took bitcoin (BTC) back to $80K and within view of its 2025 low.
  • President Donald Trump acknowledged that the economy could see short-term pain from his policies.

Ah, Sunday—the day of rest, reflection, and, apparently, a good old-fashioned crypto crash. Bitcoin (BTC) is back at $80,000, which is just a hop, skip, and a jump away from its 2025 low of $78,000. Who knew Sundays could be so thrilling? 🎢

As the clock struck 7:00 PM ET, Bitcoin decided to take a nosedive, landing at a neat $80,000, down 7% in just 24 hours. It did manage a slight bounce, trading at $80,700, which is like saying you’ve only lost half your lunch money. Meanwhile, Ether (ETH), Solana (SOL), and XRP (XRP) joined the pity party, all down by similar amounts, while Cardano (ADA) and Dogecoin (DOGE) decided to take a more dramatic plunge—closer to 12%. Talk about a Sunday roast! 🍗

In a delightful twist of irony, President Donald Trump graced us with his economic wisdom during a Fox News appearance. “There could be a little disruption,” he said, as if we weren’t already aware of the chaos. “If you look at China, they have a 100-year perspective… we go by quarters,” he continued, probably while glancing at his watch. “What we’re doing is building a foundation for the future.” A foundation made of quicksand, perhaps? 🏗️

Social media had a field day with Trump’s comments, dubbing it “Volckering,” a nod to former Federal Reserve Chairman Paul Volcker. You know, the guy who jacked up interest rates to 20% in the ’70s, ensuring that the U.S. would experience a recession so brutal it could make a grown man cry. But hey, at least inflation was broken, right? 🎉

As we wrap up this Sunday saga, U.S. stock index futures are down about 0.85% across the board. So, if you were hoping for a miracle, you might want to check back next Sunday. Or maybe just stick to brunch. 🥂

Read More

2025-03-10 02:41