English | Español | Français
Market Cap: $ 3.76 T 24h Vol: $ 208.83 B BTC Share: 62.48%
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
bitcoinBTC/USD
$ 118,021.62 0.02%
No Result
View All Result
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
BTCNEWS
No Result
View All Result
Home Latest

Potential Bitcoin Drop to Under $80k: Analysts Predict Technical Strains

Influence of Trump's Tariff Plans and Regulatory Delays on Bitcoin's Stability: A Growing Role for Wall Street in Cryptocurrency Market shifts

Mark Valerius by Mark Valerius
February 26, 2025
Share on FacebookShare on Twitter

Key Points

  • Institutional trading increasingly influences Bitcoin’s price movements.
  • Concerns over Trump’s proposed tariffs and regulatory delays could lead to a drop in Bitcoin’s price.

In a recent report by Matrixport, a Singapore-based blockchain firm, it was suggested that institutional trading, particularly from Wall Street, is having an increasingly significant impact on the price movements of Bitcoin (BTC). Bitcoin continues to dominate the market with a 60% share, serving as the primary benchmark for cryptocurrency traders.

Potential Impact of Tariffs and Regulatory Delays

However, Matrixport also highlighted potential concerns that could negatively affect Bitcoin’s price. These include the proposed tariffs by Trump and possible six-month delay in the Bitcoin Strategic Reserve consultation. These factors may contribute to a “technical topping formation”, which could see Bitcoin’s price drop to its next support level at $73,000.

At the time of the report, Bitcoin was trading at $88,290. It was previously reported that Bitcoin’s price briefly fell to $86,099, resulting in a $1.06 billion loss across the cryptocurrency market. Long positions suffered the most, with losses amounting to $873 million.

Market Reaction

Data from CoinGlass revealed that over 220,000 traders were liquidated as prices fell, and open interest decreased by 5%. This suggests that traders are becoming more cautious. Meanwhile, exchange inflows saw a 14.2% increase, possibly indicating panic selling among traders.

Bitcoin’s price drop also affected exchange-traded funds (ETFs), with $1.1 billion being withdrawn over a five-day period, including $516 million on February 24 alone. The downturn also impacted crypto stocks, with Coinbase (COIN) declining by 6.4%, Robinhood (HOOD) by 8%, and Bitcoin miners Bitdeer (BTDR) and Marathon Digital (MARA) by 29% and 9%, respectively.

Tags: Bitcoin (BTC)

Related News

trump crypto

Trump Family Adds $620 Million To Its Crypto Empire–Details

July 4, 2025
crypto scam phone

Cybersecurity Firm Kaspersky Warns Against Crypto Malware ‘SparkKitty’

June 27, 2025
xrp ripple

Ripple Co-Founder Breaks 14-Year Silence – What’s Next For XRP?

June 25, 2025
spain crypto

Major Spanish Bank Recommends 7% Crypto Investment For Wealthy Clients

June 18, 2025
bitcoin
Bitcoin (BTC)
Rank: 1
$ 118,021.62
Price (BTC)
Ƀ1.00000000
Marketcap
$ 2.35 T
Volume
$ 50.49 B
24h Change
0.02%
Total Supply
19.89 M BTC

  • About Us
  • Contact
  • Advertise
X-twitter Telegram Facebook Instagram Youtube Medium Linkedin

Information you can trust

BTCNews.com provides Bitcoin news and other cryptocurrency news, reaching millions of crypto enthusiasts daily.

It offers comprehensive coverage of business, financial, and international news related to digital assets.

Serving professionals through digital platforms, industry conferences, and direct updates, BTCNews.com is a premier provider of blockchain and crypto news.

Disclaimer: The information provided by BTCNews.com is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments are highly volatile and involve significant risks.

Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. BTCNews.com is not responsible for any losses incurred due to the use of information provided on this site.

  • © 2008 - 2024 BTCNews.com
  • Terms of Use
  • Privacy
  • Cookies
No Result
View All Result
  • Market
    • Crypto Prices
    • Crypto Exchanges
  • Learn
    • Glossary
  • News
    • Latest

© 2008 - 2024 BTCNews.com