BTC falls below $82,000 Bitcoin is experiencing a "shock"

Headline

▌BTC falls below $82,000

The market shows that BTC fell below $82,000 and is now at $81,998.01, with a 24-hour drop of 2.81%. The market is volatile, so please do a good job of risk control.

▌Bitcoin is experiencing a "shakeout" rather than the end of a four-year cycle

The current price of Bitcoin is 22% lower than the historical high of $109,000 set on Trump's inauguration day on January 20. Although investor sentiment has fallen into the "extreme fear" zone many times, crypto analysts generally believe that the Bitcoin bull market cycle has not yet ended, and this decline may be a "shakeout" - a sharp drop caused by the concentrated liquidation of long positions, followed by a rapid rebound. Bitfinex analysts pointed out that "a number of key technical indicators turned bearish, triggering speculation that the bull market will end early. However, Bitcoin's four-year cycle is still a key factor. History shows that pullbacks in bull market cycles are normal. This time is more likely to be a shakeout rather than the beginning of a bear market. The bottom of Bitcoin may be formed in sync with the US stock market (especially the S&P 500). $72,000 to $73,000 is still a key support range, but global government bond yields and stock market trends will dominate Bitcoin's next move. Trade war risks have been partially priced in, but long-term economic pressures may suppress sentiment." Nexo analyst Iliya Kalchev said, "Although Bitcoin's four-year compound annual growth rate (CAGR) has fallen to a historical low of 8%, the halving event is still crucial to long-term price trends. The halving in April 2024 will reduce the block reward to 3.125 BTC. Since then, Bitcoin has risen by more than 31%. Despite the ETF brought about by institutional adoption in the past year, Buying has become the main driving force, but the halving effect will continue to affect the market. ”

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $82,434.68, with a daily increase or decrease of -2.1%;

ETH's latest transaction price is $1,884.11, with a daily increase or decrease of -2.8%;

BNB's latest transaction price is $599.88, with a daily increase or decrease of -2.8%；

SOL's latest transaction price is 126.03 US dollars, and its intraday change is -7.1%；

DOGE's latest transaction price is 0.168 US dollars, and its intraday change is -4.6%；

XPR's latest transaction price is 2.30 US dollars, and its intraday change is -1.6%.

Policy

▌Pakistan Establishes Cryptocurrency Commission to Regulate Blockchain and Digital Assets

The Pakistani government has established the Pakistan Cryptocurrency Commission (PCC) to oversee the integration and use of blockchain technology and digital assets in the country's financial sector. The PCC's agenda includes developing clear regulatory guidelines for cryptocurrency adoption, working with international cryptocurrency and blockchain organizations, and promoting responsible innovation. The commission will also focus on consumer protection and financial security through a sound legal and compliance framework. Finance Minister Muhammad Aurangzeb will chair the commission, leading a diverse committee that includes senior officials from major financial and regulatory agencies. The leadership, which includes the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Minister of Law and Information Technology, aims to ensure a comprehensive approach to regulatory oversight, financial stability, and technological advancement. Pakistan is currently one of the countries with the highest cryptocurrency adoption rates, with an estimated 20 million active cryptocurrency users and over $20 billion in cryptocurrency transactions.

Blockchain Applications

▌Lighthouse 7.0 light client stable version is about to be released

Sigma Prime, the Ethereum 2.0 client Lighthouse development team, announced that Lighthouse is enabling default light client support, making trust-minimized wallets more feasible than ever. With this launch, the share of beacon nodes providing light client data is expected to increase from 5% to 30-40%. The currently available Lighthouse v7.0.0-beta.3 for Holesky has fixed the bug that caused the node to get stuck (only Holesky nodes are recommended to upgrade). The Lighthouse 7.0 light client stable version is about to be released.

Cryptocurrency

▌Crypto wallets will integrate agents in a few years

Ethereum developer eric.eth said that today's common wallet user experience will completely disappear in just a few years. Users will no longer need to click "Connect" and "Sign". Users need to talk to agents, who will do all the work on the chain for them.

▌California Department of Financial Protection and Innovation announced 24 types of cryptocurrency scams, reminding the community to be vigilant

The California Department of Financial Protection and Innovation (DFPI) announced 24 types of cryptocurrency scams, reminding the community to be vigilant, mainly including: pre-paid scams, affinity scams, asset recovery scams, bait scams, Bitcoin mining scams, crypto extortion scams, crypto game scams, crypto job scams, imposter scams, high-yield investment plans, investment group scams, liquidity mining/liquidity mining scams, pig killing scams, crypto giveaways/airdrop scams, ransomware, etc.

▌North Korean hackers used mixed currency funds to purchase 437.6 billion PEPEs on March 11, worth $3.1 million

According to a post by chain detective ZachXBT on his personal channel, a highly credible Tornado Cash asset theft investigation showed that on March 11, 2025, after using Tornado Cash to complete the currency mixing, North Korean hackers used part of the ETH funds to purchase 437.6 billion PEPEs worth $3.1 million. A more detailed analysis shows that North Korean hackers suffered asset theft using the problematic Tornado Cash user interface. Earlier news, according to Lookonchain monitoring, 3 wallets bought 689.79B PEPEs (total value of about $4.3 million), and their funds all came from Tornado Cash.

▌U.S. support for crypto assets and non-bank finance sows the seeds for future turmoil

Francois Villeroy de Galhau, a member of the European Central Bank's Governing Council, said that the United States' support for cryptocurrencies and non-bank finance risks triggering the next financial emergency. In an interview with French weekly Le Tribune du Dimanche, he said: "The United States is at risk of committing a crime by negligence. Financial crises often originate in the United States and spread to other parts of the world. By encouraging crypto assets and non-bank finance, the U.S. government is sowing the seeds of future turmoil." Galhau added that European regulation is more secure and said there is no risk of a banking crisis in the European Union.

▌Meme coins are becoming a "retail investor exploitation tool" that violates the spirit of crypto decentralization

Anastasija Plotnikova, co-founder and CEO of blockchain regulatory company Fideum, said that Meme coins are violating the basic spirit of cryptocurrency decentralization and are increasingly being used to exploit retail investors in more and more Rug Pulls. She added: "Meme coins have evolved from a community-driven social experiment to a chaotic situation dominated by retail investors extracting value. Inner circles, pumping up stock prices and sniper groups have replaced the organicity and collectibility of the original Meme coin community, creating an unhealthy competitive environment." Anastasija Plotnikova believes that some behaviors are clearly illegal and fall within the jurisdiction of law enforcement agencies, and supports law enforcement against some projects.

Important Economic Dynamics

▌With 3 days left before the Fed’s interest rate decision, the probability of a rate cut in March is only 2%

According to CME’s “Fed Watch” data, with 3 days left before the next FOMC meeting (the interest rate decision will be announced at 2 a.m. Beijing time on March 20), the probability of the Fed cutting interest rates by 25 basis points in March is 2%, and the probability of maintaining the same is 98%. The probability of the Fed cutting interest rates by 50 basis points by May is 0.5%, the probability of a cumulative rate cut of 25 basis points is 27.7%, and the probability of maintaining the same is 71.8%.

▌The U.S. Treasury Secretary cannot guarantee that the U.S. economy will not decline

The Trump administration of the United States has introduced a series of tariff policies, and has changed its orders many times, resulting in a decline in business and consumer confidence. Recently, various U.S. economic data have frequently flashed “red lights”, and concerns about Trump’s recession have become increasingly prominent. On March 16, U.S. Treasury Secretary Bessant said in an interview that "there is no guarantee that the U.S. economy will not fall into recession." However, he also repeatedly emphasized that the U.S. government is adopting a "sound and lasting policy" and that the U.S. economy will "adjust" and "go through a transition period, but there will be no financial crisis."

Golden Encyclopedia

▌What is a cold wallet?

A cold wallet is a method of storing cryptocurrency that remains offline and disconnected from the internet. This setup makes it more difficult for hackers to access funds remotely. Examples include: hardware wallets (e.g. Ledger, Trezor), paper wallets, isolated computers (devices that have never been connected to the internet).

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to increase risk awareness.