Bitcoin has fallen below $ 85,000, its sharp decline as traders reacted to the declaration of new tariffs on European imports by President Donald Trump.
Speaking at his first cabinet meeting on 26 February, US President Donald Trump reiterated his intentions to put 25% tariffs on European Union goods, as Informed By guardian. This announcement has greatly affected the cryptocurrency industry.
Bitcoin (BTC) is currently 4% below in the last 24 hours, the press trading at the level of $ 84,600 at the time. According to Koingko, after the comments of President Trump, the total market cap has shrunk 4% and the wider crypto market has also suffered losses.
Coalus data It also shows that the total liquidation in the last 24 hours has exceeded $ 765 million, eliminating $ 1.5 billion on 25 February.
According to Sosovalu dataMarket fall has left on 25 February with $ 937.78 million, with the biggest one -day return from Bitcoin ETF since its inception. This further strengthens the change in the spirit of institutional investors, leading to the total outflow to about $ 1.5 billion for the last week.
Trump took over in January, falling about 20% from its peak of bitcoin $ 109,225. Trump’s election victory and more favorable regulatory environment, followed by optimistic motion, followed by the current sale. The expectations of rapid implementation of Pro-Crypto policies have declined as the administration is giving priority to aggressive trade policies.
Security concerns have also shaken the investor’s spirit. The collapse of the Solana Memcoin Boom has reduced market liquidity, and concerns over centralized exchange weaknesses have been $ 1.4 billion bybit hacks.
Although some analysts see reforms as a healthy reset, others take precautions that a decline below $ 80,000 will have another round of liquidity yet, which can send bitcoins to $ 70,000. Traders have continued to take care as macroeconomic uncertainty increases, there is a possibility of potential regulatory changes that will re -establish confidence in the digital asset market.
