Trump Tariffs Shake Markets, Bitcoin Plunges
The Most Important Points at a Glance
The latest announcements by Donald Trump regarding new tariffs on imports from the European Union, Canada, and Mexico have shaken financial markets. The crypto market is particularly affected: Bitcoin recorded its steepest three-day decline since 2022. Additionally, massive liquidations and a hacker attack on the crypto exchange Bybit are increasing uncertainty.
Bitcoin Under Pressure: Market Reactions to Trump’s Tariff Plans
On February 26, during his first cabinet meeting, Donald Trump announced import tariffs of 25% on goods from the EU, Canada, and Mexico. This news led to a significant decline in market sentiment. The global crypto market lost 3.61% of its market capitalization within 24 hours, dropping to $2.83 trillion.
Bitcoin itself fell by 3.01% to $86,112 and temporarily reached its lowest level since November 2024 at $82,256. Analysts expect further price corrections before the market stabilizes.
Analysts’ Opinions: How Low Can Bitcoin Go?
Independent market analyst Scott Melker sees a possible recovery if a clear trend reversal in the Relative Strength Index (RSI) emerges. Currently, the Crypto Fear & Greed Index stands at 10, signaling extreme fear. Many traders believe that Bitcoin could find support between $80,000 and $71,000.
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At the same time, data from Velo shows that Bitcoin has recorded its worst three-day performance since 2022. Additionally, institutional investors are withdrawing capital from Bitcoin ETFs, further increasing selling pressure.
Additional Factors: Liquidations and the Bybit Hack
Beyond political uncertainties, other events are weighing on the crypto market. In the last 24 hours, over $150 billion has been withdrawn from the market, with $340 million lost in just one hour. These liquidations are intensifying panic selling.
Additionally, a massive hacker attack on the crypto exchange Bybit on February 21 has shaken investor confidence. Reports indicate that the damage amounts to $1.4 billion – the largest theft in the history of the crypto industry.
Our Assessment
The combination of geopolitical uncertainties, economic fears, and negative market movements is putting pressure on Bitcoin and the entire crypto market. In the short term, volatility may remain high, especially if further capital outflows and liquidations occur. In the long term, it remains to be seen whether Bitcoin will find stable support or continue to decline.
Sources: The Wolf Of All Streets, Colin Talks Crypto, Velo, The Kobeissi Letter
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $84,411.00 |
| 24h % | -2.82 % |
| 7d % | -13.61 % |
| 30d % | -17.49 % |
| 60d % | -9.94 % |
| 1y % | 47.96 % |
| Market Cap | $1,674,946,090,861.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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