{"id":68675,"date":"2026-02-24T07:30:43","date_gmt":"2026-02-24T07:30:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-drops-to-62800-as-tariffs-etf-outflows-pressure-crypto-market\/"},"modified":"2026-02-24T07:30:43","modified_gmt":"2026-02-24T07:30:43","slug":"bitcoin-drops-to-62800-as-tariffs-etf-outflows-pressure-crypto-market","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-drops-to-62800-as-tariffs-etf-outflows-pressure-crypto-market\/","title":{"rendered":"Bitcoin drops to $62,800 as tariffs, ETF outflows pressure crypto market"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-btc-price-chart-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-btc-price-chart-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-btc-price-chart-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-btc-price-chart-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin price dipped to $62,800 amid the latest market weakness.<\/li>\n<li>Analysts say $60,000 is key to the bulls\u2019 short-term picture.<\/li>\n<li>BTC could dip to $50,000 amid a bear cross pattern.<\/li>\n<\/ul>\n<p>Bitcoin\u2019s price slide gathered momentum on Tuesday, with fresh losses to under $63,000 as the cryptocurrency\u2019s vulnerability to macroeconomic pressures and global uncertainties continued.<\/p>\n<p>Trading volume surged 25% as investors reacted to a confluence of events, and top altcoins followed suit.<\/p>\n<h2>Bitcoin drops below $63,000<\/h2>\n<p>Bitcoin extended its losses to lows of $62,700 on Tuesday, bringing total declines to nearly 29% in the past month.<\/p>\n<p>The benchmark digital asset\u2019s latest dump comes amid mounting concerns over President Trump\u2019s latest tariffs, with investor jitters rippling through the crypto market.<\/p>\n<p>Analysts have noted that these trade policies heighten fears of inflation, trade instability, and reduced global liquidity.<\/p>\n<p>Risk assets like cryptocurrencies are under pressure, and escalating geopolitical tensions surrounding potential US strikes on Iran add to this weakness.<\/p>\n<p>BTC\u2019s struggle mirrors traditional stock indices, which also tumbled after Citrini research sparked a sell out in companies that work in delivery and payments with software stocks also falling on Monday.<\/p>\n<p>Meanwhile, on-chain data shows Bitcoin continues to confront huge ETF outflows, with investors pulling capital from investment products across the market.<\/p>\n<p>According to Farside Investors\u2019 data, Bitcoin ETFs saw $203.8 million worth of outflow on Monday.<\/p>\n<p>These factors have outweighed Strategy\u2019s 100th Bitcoin purchase and have failed to stem the downside.<\/p>\n<p>BTC traded at $63,030 at the time of writing, down 2.4% in the past 24 hours.<\/p>\n<p>The top cryptocurrency is down 7% from last week\u2019s peak near $68k.<\/p>\n<h2>What\u2019s next for Bitcoin price?<\/h2>\n<p>This dip thrusts the pivotal $60,000 support level into sharp focus.<\/p>\n<p>Bears have already tested this psychological and technical floor, with BTC rebounding off the level following the February 5 crash.<\/p>\n<p>Analysts warn that further short-term pain could allow for a potential revisit to $50,000.<\/p>\n<p>If selling accelerates, lower support levels will come into play.<\/p>\n<p>However, chart patterns suggest Bitcoin could find a bottom as the 50-week moving average crosses below the 100-week average. Price recovery has historically followed such patterns.<\/p>\n<figure id=\"attachment_361969\" aria-describedby=\"caption-attachment-361969\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-361969\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/BTCUSD_2026-02-24_08-58-04.png\" alt=\"Bitcoin Price Chart\" width=\"972\" height=\"2037\"\/><figcaption id=\"caption-attachment-361969\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">Bitcoin price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>At the moment, the chart indicates no such cross has occurred, and prices will likely head lower.<\/p>\n<p>However, extreme oversold conditions suggest a potential sharp rebound is next.<\/p>\n<p>Bullish catalysts, including macro shifts and ETF inflows, can change the direction of Bitcoin.<\/p>\n<p>The $70,000 mark remains key, with a breakout likely to accelerate short-term recovery.<\/p>\n<p>\u201cFor a durable breakout to materialise, the market will require a clear resurgence in spot demand and stronger institutional participation; until then, Bitcoin is likely to remain range-bound within its established absorption zone,\u201d analysts at Bitfinex <a href=\"https:\/\/blog.bitfinex.com\/bitfinex-alpha\/bitfinex-alpha-sideways\/\" target=\"_blank\" rel=\"noopener\">wrote<\/a> in a research note.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-drops-to-62800-as-tariffs-etf-outflows-pressure-crypto-market\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin price dipped to $62,800 amid the latest market weakness. Analysts say $60,000 is key to the bulls\u2019 short-term picture. BTC could dip to $50,000 amid a bear cross pattern. Bitcoin\u2019s price slide gathered momentum on Tuesday, with fresh losses to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":68676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/68675"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=68675"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/68675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/68676"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=68675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=68675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=68675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}