Bitcoin falls below $80K amid Trump tariff concerns

Bitcoin fell below $ 80,000 for the first time since November, the erasure of gains made since the election of Donald Trump in the middle of increasing concerns concerning the proposed prices.

According to Crypto.News Price Tracker, Bitcoin (BTC) fell to the fork of $ 79,800 on February 28, marking a 6% drop in the last 24 hours. The drop has raised concerns of new corrections, as many traders had previously targeted $ 82,000 as possible level of support.

Expectations are now moving towards a potential collapse towards the $ 70,000 range. The decline caused the total amount of 12 -hour bitcoin liquidations reaching $ 327 million, long taking the heaviest, as Coinglass shows data.

The decline was mainly caused by macroeconomic uncertainty. Trump offered 25% price On imports from Canada, Mexico and the European Union, alarmed investors and concerns have delighted that growing prices can increase inflation.

Although some analysts agree that the prices would stimulate interior manufacturing, the feeling of the market has moved to risk aversion, flower capital in lump sum assets such as the dollar and American treasury bills.

Institutional investors have also retreated. Us Spot Bitcoin Etfs recorded $ 275 million in net outings on February 27, which brought total outings in last week to 2.7 billion dollars, according to Sosovalue data. This marks a continuous reversal of the institutional enthusiasm that helped push Bitcoin at its $ 109,000 summit in January, shortly after the inauguration of Trump.

Even with the current sellMany traders still hope. The feeling of February 28 X Post revealed a peak in the references on the social networks of “Buy the Dip”, showing a sustained retail optimism. Historical models, however, indicate that excessive optimism during slowdowns frequently precedes further drop.

The co-founder of Bitmex Arthur Hayes warned On February 28, Bitcoin remains in a downward trend, forming lower stockings. He predicts another clear drop below $ 80,000 over the weekend, potentially essay The range of $ 70,000 to $ 75,000 if Trump does not advance his budgetary plans. With the current market conditions, the short -term perspectives of Bitcoin remain very uncertain.