A recent 10x Research report highlights Bitcoin's decline and the need for a new agenda for growth.
Memecoin Market in Decline
On March 10, 2025, a report was published stating that another speculative bubble has burst, this time it is memecoins. Dogecoin lost 33% of its value, affecting the market and leading Bitcoin towards a potential dip to $73,000.
Continuation of Downtrend
On March 12, 2025, Markus Thielen appeared on a YouTube show and reiterated that prices will keep declining. Crypto ETFs continue to be sold off, and Donald Trump's threat of increasing auto import tariffs adds to the chaos.
News Does Not Support Bitcoin
Despite positive news such as the proposal of a U.S. law to buy a million bitcoins, the cryptocurrency's price doesn't rise. After Trump's inauguration in 2025, Bitcoin lost 25% of its value. The market currently needs a new impulse for growth.
Markus Thielen is confident that Bitcoin will recover, but it will require a new, strong narrative for that to happen.
