Uncertainty in US Trade Policies Hits Crypto Market: Bitcoin Drops to $65,000

Global Trade Policies and Market Uncertainty The US Supreme Court's decision to overturn a significant portion of the customs tariffs implemented by President Trump has triggered a new wave of uncertainty across global markets.
The global tax decisions, which Trump initially announced at 10 percent and later increased to 15 percent, continue to exert pressure on trade policies and the outlook for economic growth.
This macroeconomic uncertainty is directly impacting investors' appetite for risky assets.
Analysts emphasize that the unpredictability in trade policies is driving investors away from high-risk instruments, leading to a cautious atmosphere in the market.
Current Status of Bitcoin and Altcoins As risk appetite diminished, selling pressure on crypto assets gained momentum.
The leading cryptocurrency, Bitcoin, lost 2.89 percent on a daily basis, retreating to the $65,652 level.
The broader market followed suit as investors reassessed their positions amidst the shifting economic landscape.
Accelerated Outflows from the ETF Market Data covering the week of February 16-20 revealed a significant capital outflow from the US-based spot ETF market.
Bitcoin spot ETFs saw a net outflow of $316 million, while Ethereum spot ETFs recorded $123 million in outflows.
During the same period, Solana spot ETFs reported net inflows of $14.31 million, and XRP spot ETFs saw approximately $1.84 million in net inflows.