Critical phase cryptocurrencies: Bitcoin fell more than 20% from its record, a decrease not seen in more than two and a half years

The fall of Bitcoin It deepened this Friday as investors rushed to look for safe assets following the Latest tariff threats of the US president Donald Trump, which marks a dramatic verification of reality for one of Trump’s most popular operations.

The cryptocurrency started the day falling by 7% although in the last 24 hours it rises just 1% au $ S84.058, its lowest level since the beginning of Novemberaccording to Binance, and a 23% Since he reached a historical maximum less than six weeks ago. Ethereumon the other hand, it pierced the key level of the U $ 2,300.

“Bitcoin lost more than 20% since its historical maximumaffected by several factors, such as collapse of a memecoin In the last month that hit the ecosystem and the Red Solana; a HACKEO OF US $ 1,400 MILLION TO EXCHANGE BYBIT and Concerns about Trump’s tariff policieswhich also contributes its grain of sand to the seizure in the markets, “they analyzed from BUENBIT.

“The last time we saw a feeling like this was in 2022,” said Caroline Bowler, executive director of BTC Markets Pty Ltd, referring to the “Winter of cryptocurrencies”, when prices collapsed in the midst of the increase in interest rates and industry problems. “This fall can be seen as an answer to macroeconomic fears on Trump’s tariffs and geopolitical uncertainty.”

Trump said Thursday that 25% tariffs on Canada and Mexico would take effect as of March 4, which undermined the hopes that he could turn back after a previous delay. He also said that Chinese imports would face an additional tax of 10%, which led to Beijing officials to promise “all necessary measures” in response.

Trump’s commercial problems

The liquidation underlines a rapid change of luck for what was previously one of Trump’s most popular operations in global markets: buy Bitcoin with the expectation that the president’s crypto-unamigable approach would lead to a broad rebound.

That worked for a while. Bitcoin reached its historical maximum of 109,241 dollars on January 20, Trump’s investiture day. But cryptocurrencies have recently been under pressure in the midst of concerns that Trump’s pugilistic approach to global trade could lead to generalized suffering.

“Given the macroeconomic environment, it is not surprising to see that we are where we are,” said Stefan von Haenisch, director of extraburstile operations in Asia Pacific in the custody firm of cryptocurrencies Bitgo Inc. Operators are still waiting for Trump to present concrete measures for the sector, including a Bitcoin reserve, he said.

Investors are forced to consider to what extent the world’s greatest cryptocurrency can fall. There is support for the currency around 70,000 dollars, said Ruslan Lienkha, market chief of the Youhodler cryptocurrency platform, referring to the technical analysis. But he said that investors should not assume that the fall of Bitcoin will be so serious. The Bitcoin quoted around $ 78,900 at 8:30 am in London.

“We will only see this level if the negative feeling dominates the stock markets,” said Lienkha.

This week’s bassist feeling has also affected the funds quoted in the US Bitcoin Stock Exchange., And investors withdrew more than one billion dollars on Tuesday, the largest departure in one day since its debut last year.

Trump has already made some changes that have pleased cryptocurrency enthusiasts, such as placing cryptocurrency defenders in key positions. The United States Stock Exchange and Securities Commission (SEC), which undertook a repression campaign for years under the direction of former president Gary Gensler, has also closed research on several cryptocurrency companies in recent weeks.

Trump has said he wants to turn the United States into “the cryptographic capital of the planet and the world’s bitcoin superpower.”