Bitcoin and crypto markets tumble amid Trump tariff concerns

Bitcoin fell below $ 85,000, continuing its sharp decline while merchants react to the announcement by President Donald Trump new prices on European imports.

Speaking at his first meeting of the cabinet on February 26, US President Donald Trump reiterated his intention to put a 25% tariff on the goods of the European Union, as reported by the goalkeeper. The cryptocurrency industry was considerably affected by this announcement.

Bitcoin (BTC) is currently down 4% in the last 24 hours, trading at $ 84,600 at the time of the press. The wider market of cryptography has also suffered, the total market capitalization reducing 4% following the remarks of President Trump, according to Coingecko.

Rinsing data Also shows that total liquidations have exceeded $ 765 million in the last 24 hours, adding to $ 1.5 billion in February 25.

According to Sosovalue dataThe drop in the market has coincided with the biggest withdrawal of a day from ETF Bitcoin since their creation, with $ 937.78 million leaving on February 25. outings Last week at nearly $ 1.5 billion.

Since Trump took office in January, Bitcoin fell by around 20% on its $ 109,225 summit. After Trump’s electoral victory and the hopes of a more favorable regulatory environment, there was an optimistic momentum, followed by current sales. The hopes of rapid implementation of pro-Crypto policies have decreased because the administration seems to prioritize aggressive trade policies.

Security problems have also shaken the feeling of investors. The liquidity of the market has been exhausted by the collapse of the Solana Memecoin boom, and the concerns concerning centralized exchange vulnerabilities were ignited by the $ 1.4 billion not resolved dollars statement hack.

Although some analysts see correction as a healthy Reset, others warn that a drop of less than $ 80,000 would lead to another cycle of liquidation, which could send Bitcoin to $ 70,000. Traders continue to be caution as macroeconomic uncertainty increases, providing for possible regulatory changes that would restore confidence in the digital asset market.