Bitcoin (BTC) worth fell to $62,000 (USD) this Tuesday, February 24, 2026, after shedding the $65,000 assist on Monday. That is the bottom degree in three weeks since February 5, when the inventory fell to the same degree and fell to close its October 2024 worth.
Bitcoin crash Happens amidst geopolitical tensions There may be uncertainty concerning the financial impression. On Tuesday of this week, President Donald Trump’s new 10% tariffs on world imports into the US went into impact.
The measure was introduced by the president on Friday, February 20, after the Supreme Courtroom invalidated earlier tariffs, noting that the president exceeded his authority to impose them. President Trump warned that as a result of the choice favors different international locations over the US, he could proceed the tariff coverage by different options.
This new tax was imposed below Part 122 of the Commerce Act of 1974, which provides the president 150 days to impose the tax with out Congressional approval.
The President additionally warned on Saturday, February twenty first: New tariffs shall be elevated to fifteen%. The White Home is at the moment engaged on a proper order to find out that improve, officers informed Bloomberg, talking on situation of anonymity to debate personal issues.
Because the president has made clear each time he broadcasts tariffs, the aim of tariffs is to stress governments that wish to keep away from them into accepting his plans. That features calling for an settlement to purchase Greenland and finish struggle conflicts like these within the Center East.
Bitcoin below stress
And what does that must do with the worth of Bitcoin? “Bitcoin stays below stress amid growing uncertainty surrounding U.S. commerce coverage,” defined BitGet alternate director Carolina Gama in a press release to CriptoNoticias.
Increased tariffs decreased threat urge for food, impacting inventory markets and different belongings which can be delicate to the macroeconomic setting. Involved about slowing world financial development and extra constrained liquidity circumstances, buyers have decreased publicity to extra unstable belongings, a transfer bolstered by the sale of enormous holdings.
Carolina Gama, Nation Supervisor of Biguto Alternate in Argentina.
Along with customs duties, There may be rising concern available in the market concerning the path of rates of interest. Within the US. Chopping them would improve liquidity within the financial system, however there’s nonetheless no consensus inside the Federal Reserve to take action.
Uttam Dey, a growth-focused funding analyst with a give attention to know-how, mentioned Kevin Warsh’s appointment as Fed chairman has additionally had an impression in the marketplace. President Trump has mentioned he selected to attend for rates of interest to be lowered, however his historical past of opposing this in previous administrations has created uncertainty concerning the path he’ll take.
Bearish issues about Bitcoin
On this context, if promoting stress accelerates within the Bitcoin market, the subsequent main worth goal to take care of could be $60,000. This degree served as assist for the decline seen three weeks in the past.
Nonetheless, in accordance with Bitcoin’s historic sample, This 12 months is anticipated to be bearish For forex. Traditionally, its worth has reached the tip of a bull cycle the 12 months after a halving, and has since declined by about 80%.
The most recent halving, which cuts the quantity of Bitcoin issued in half each 4 years, was in 2024. And Bitcoin is at the moment down about 50% from its all-time excessive of $126,000, set in October 2025.
Because of this there are at the moment many draw back predictions for Bitcoin, particularly within the absence of macroeconomic catalysts. If the previous correction sample is repeated, a drop to round $30,000 is within reach.
