5 Things to Know in Bitcoin This Week

Bitcoin Price Retraces After Weekend Surge BTC prices plunged to $84,500 today, erasing much of the weekend's gains. This 10% decline follows Sunday's peak, which was fuelled by Trump's crypto reserve announcement.

Trump Tariffs Trigger Market Sell-Off Trump's tariffs caused a $300B crypto loss, with Bitcoin and Ethereum dropping, raising mining costs and testing Bitcoin's "safe haven" status.

White House Crypto Summit Trump's announcement of a strategic crypto reserve, including Bitcoin, Ethereum, XRP, Solana, and Cardano, briefly revived the market, with the March 7 summit set to reveal more details.

Fed Policy Remains in Focus Key economic data, including jobless claims, the US jobs report, & Powell's speech, alongside the Crypto Summit on March 7, could drive market volatility

Market Sentiment Signals Caution On-chain metrics show bearish signs, with the Coinbase Premium Index dropping, SOPR below 1, & the Crypto Fear & Greed Index at 24, indicating continued market fear

Conclusion: For now, traders should prepare for heightened volatility. The battle between macro headwinds & crypto-specific developments will likely define Bitcoin's path through March.