Bitcoin Drops on Risk Aversion

2026-02-23 02:47 By Jam Kaimo Samonte 1 min. read

Bitcoin dipped below $65,000 on Monday, hitting a more than two-week low as renewed tariff concerns rattled global markets.

On Saturday, US President Donald Trump said he would raise the 10% global levy announced a day earlier to 15%, following the US Supreme Court's rejection of his sweeping reciprocal tariffs, adding fresh uncertainty to the economic outlook.

The move sparked worries that trade agreements between the US and its partners could unravel, though senior US officials reiterated that existing deals would remain in place.

Investors also weighed growing fears that the Trump administration might launch military action against Iran amid stalled nuclear negotiations, with diplomats set to reconvene in Geneva on Thursday.

Bitcoin and the broader cryptocurrency market have lagged other asset classes, failing to serve as a reliable hedge against economic uncertainty, unlike gold.



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Bitcoin Drops on Risk Aversion
Bitcoin dipped below $65,000 on Monday, hitting a more than two-week low as renewed tariff concerns rattled global markets. On Saturday, US President Donald Trump said he would raise the 10% global levy announced a day earlier to 15%, following the US Supreme Court's rejection of his sweeping reciprocal tariffs, adding fresh uncertainty to the economic outlook. The move sparked worries that trade agreements between the US and its partners could unravel, though senior US officials reiterated that existing deals would remain in place. Investors also weighed growing fears that the Trump administration might launch military action against Iran amid stalled nuclear negotiations, with diplomats set to reconvene in Geneva on Thursday. Bitcoin and the broader cryptocurrency market have lagged other asset classes, failing to serve as a reliable hedge against economic uncertainty, unlike gold.
2026-02-23
Bitcoin Sinks on Crypto Market Pullback
Bitcoin fell to around $66,000 on Friday, giving up most of its recent gains as cryptocurrencies came under renewed pressure. The decline followed warnings from Standard Chartered about further Bitcoin weakness, alongside disappointing results from US crypto exchange Coinbase. Bitcoin has dropped more than 45% from its October peak above $126,000, and repeated failed rebounds indicate waning speculative demand. Coinbase reported a $667 million loss in the fourth quarter, with revenue down over 20% to $1.8 billion, underscoring the impact of falling token prices on trading activity. Analysts caution that while Bitcoin could recover, a sustained breach below $60,000–$58,000 may trigger deeper losses toward the high $40,000s. Year-to-date, Bitcoin is down 23.9%, reflecting broader weakness in the tech sector.
2026-02-13
Bitcoin Stabilizes After Turbulent Week
Bitcoin stabilized above $70,000 on Monday after sharp swings at the end of last week. Sentiment showed tentative improvement as US Bitcoin exchange-traded funds recorded significant inflows, with investors stepping in following the recent market decline. Still, traders remained cautious, with analysts noting that uncertainty persists over whether the worst is behind the market. Last week, Bitcoin wiped out all of its price gains since the election of US President Donald Trump, plunging to $60,033, its lowest level since October 2024. The cryptocurrency’s decline, mirrored across other digital assets, coincides with investor concerns over stretched tech valuations and the uncertain timing of Federal Reserve rate cuts. Analysts also highlight thinning liquidity as a serious risk, noting that Bitcoin’s average market depth has fallen sharply since October 2025.
2026-02-09