For the first time since November, bitcoin has fallen below $ 80,000, erasing the benefits made since Donald Trump’s choice amid increasing concerns on the proposed tariff.
Crypto.news price according to the tracker, Bitcoin (BTC) has fallen to $ 79,800 range on February 28, marking a 6% decline in the last 24 hours. The drop has increased further improvement concerns, as many traders had previously targeted $ 82,000 as a possible support level.
Expectations are now moving towards a possible recession to a limit of $ 70,000. The drop has caused the total amount of Bitcoin 12-hour liquidity to reach $ 327 million, with longes the heaviest hit, as shown by the coolus data,
The decline is mainly due to comprehensive economic uncertainty. Trump’s proposed 25% tariff on imports from Canada, Mexico and the European Union has worried investors and expressed concern that inflation may increase in rising prices.
Although some analysts agree that tariffs will stimulate domestic manufacturing, the market sentiment has moved into one of the risk, with capital dollars and American Treasury-like safe-heaven assets.
Institutional investors are also pulling back. US Spot Bitcoin ETFS recorded $ 275 million in pure outflow on February 27, the total outflow was raised to $ 2.7 billion in the last week, according to Sosowor dataThis is a constant reversal with institutional enthusiasm that helped push bitcoin at a high level of $ 109,000 at the high level of $ 109,000 in January immediately after Trump’s inauguration.
Even with current sales, many traders are still hopeful. The February 28X post of the century revealed a spike in the context of “buying dip” in social media contexts, showing continuous retail optimism. Historical patterns, however, indicate that excessive optimism during the recession often occurs before further decline.
Bitmex co-founder Arthur Hayes Wags On February 28 that bitcoin lives in a dowtrand, which leads to lower climbing. He predicts another sharp decline below $ 80,000 in the weekend, potentially tests If Trump fails to pursue his budget plans, $ 70,000 to $ 75,000 range. With current market conditions, the short -term approach of bitcoin is highly uncertain.
