US Tariff Uncertainty Hits Crypto Market: Bitcoin Near $65,000 Mark

Tariff Uncertainty and Market Impact The US Supreme Court's decision to strike down a significant portion of the trade tariffs introduced by President Donald Trump has created a new wave of uncertainty in global markets.
The legal proceedings regarding Trump's global tax plans—which were initially announced at 10 percent and then raised to 15 percent over the weekend—have begun to put direct pressure on crypto asset prices.
Analysts at IG stated that this development represents serious uncertainty regarding trade policies and the economic growth outlook.
As risk appetite diminished, investors moved away from risky assets, leading to significant value losses in the cryptocurrency market.
Current Status of Bitcoin and Altcoins Bitcoin, the leading cryptocurrency, fell to levels around $65,652.28, representing a daily loss of 2.89 percent.
With this decline, Bitcoin tested its lowest levels in the last two and a half weeks.
Analysts emphasize that macroeconomic uncertainties are limiting demand for risky assets and increasing selling pressure.
Notable Outflows in ETF Data Data for the week of February 16-20 shows that institutional investors are exiting crypto funds.
While the US-based spot ETF market saw a net outflow of $316 million from Bitcoin funds, some altcoin funds diverged positively.
Solana spot ETFs saw a net inflow of $14.31 million, while XRP spot ETFs recorded a net inflow of approximately $1.84 million.