Nigeria, March 10 -- Bitcoin's price fell to $80,052 late Sunday night, a 7% drop in the previous 24 hours, as market pessimism over US President Donald Trump's economic intentions persisted.

As of this writing, the price of Bitcoin is around $82,200.

The value of the cryptocurrency market fell by 7% to $2.77 trillion.

Ethereum plunged 8%, trading close to $2,000, while Solana and XRP also had 7% declines. Bitcoin's supremacy, at 58.2%, is unaffected by the decline.

The market's collapse has sparked significant liquidations; according to the crypto news price tracker Coinglass, data shows $616 million in liquidations over the last day.

Longer Positions Bore The Brunt

The majority of the losses, $540.49 million, were incurred by long...