{"id":6912,"date":"2026-02-24T07:57:43","date_gmt":"2026-02-24T07:57:43","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6912"},"modified":"2026-02-24T07:57:43","modified_gmt":"2026-02-24T07:57:43","slug":"bitcoin-drops-to-62800-as-tariffs-etf-outflows-pressure-crypto-market","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6912","title":{"rendered":"Bitcoin drops to $62,800 as tariffs, ETF outflows pressure crypto market"},"content":{"rendered":"

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\n\"Bitcoin\n<\/picture> <\/div>\n<\/p><\/div>\n
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  • Bitcoin price dipped to $62,800 amid the latest market weakness.<\/li>\n
  • Analysts say $60,000 is key to the bulls\u2019 short-term picture.<\/li>\n
  • BTC could dip to $50,000 amid a bear cross pattern.<\/li>\n<\/ul>\n

    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

    Trading volume surged 25% as investors reacted to a confluence of events, and top altcoins followed suit.<\/p>\n

    Bitcoin drops below $63,000<\/h2>\n

    Bitcoin extended its losses to lows of $62,700 on Tuesday, bringing total declines to nearly 29% in the past month.<\/p>\n

    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

    Analysts have noted that these trade policies heighten fears of inflation, trade instability, and reduced global liquidity.<\/p>\n

    Risk assets like cryptocurrencies are under pressure, and escalating geopolitical tensions surrounding potential US strikes on Iran add to this weakness.<\/p>\n

    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

    Meanwhile, on-chain data shows Bitcoin continues to confront huge ETF outflows, with investors pulling capital from investment products across the market.<\/p>\n

    According to Farside Investors\u2019 data, Bitcoin ETFs saw $203.8 million worth of outflow on Monday.<\/p>\n

    These factors have outweighed Strategy\u2019s 100th Bitcoin purchase and have failed to stem the downside.<\/p>\n

    BTC traded at $63,030 at the time of writing, down 2.4% in the past 24 hours.<\/p>\n

    The top cryptocurrency is down 7% from last week\u2019s peak near $68k.<\/p>\n

    What\u2019s next for Bitcoin price?<\/h2>\n

    This dip thrusts the pivotal $60,000 support level into sharp focus.<\/p>\n

    Bears have already tested this psychological and technical floor, with BTC rebounding off the level following the February 5 crash.<\/p>\n

    Analysts warn that further short-term pain could allow for a potential revisit to $50,000.<\/p>\n

    If selling accelerates, lower support levels will come into play.<\/p>\n

    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

    \"Bitcoin
    Bitcoin price chart by TradingView<\/figcaption><\/figure>\n

    At the moment, the chart indicates no such cross has occurred, and prices will likely head lower.<\/p>\n

    However, extreme oversold conditions suggest a potential sharp rebound is next.<\/p>\n

    Bullish catalysts, including macro shifts and ETF inflows, can change the direction of Bitcoin.<\/p>\n

    The $70,000 mark remains key, with a breakout likely to accelerate short-term recovery.<\/p>\n

    \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 wrote in a research note.<\/p>\n

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    \u00a0<\/p>\n

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    Share this article<\/h6>\n
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    Markets,Bitcoin Price#Bitcoin #drops #tariffs #ETF #outflows #pressure #crypto #market1771919863<\/p>\n","protected":false},"excerpt":{"rendered":"

    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 under $63,000 as the cryptocurrency\u2019s vulnerability to macroeconomic pressures and global uncertainties continued. Trading<\/p>\n","protected":false},"author":1,"featured_media":6628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-6912","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"\nBitcoin drops to $62,800 as tariffs, ETF outflows pressure crypto market - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Bitcoin price fell to under $63,000 on Tuesday, and analysts say $50,000 could be the next target amid broader weakness\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6912\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin drops to $62,800 as tariffs, ETF outflows pressure crypto market\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price fell to under $63,000 on Tuesday, and analysts say $50,000 could be the next target amid broader weakness\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=6912\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-24T07:57:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/bitcoin-btc-price-chart.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1152\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6912\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=6912\",\"name\":\"Bitcoin drops to $62,800 as tariffs, ETF outflows pressure crypto market - 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