BTCUSD Today, February 24: Tariff Shock Knocks Bitcoin Under $65,000
The btc price slipped under $65,000 today as tariff headlines hit risk assets. Bitcoin (BTCUSD) fell as much as 5% after President Trump proposed a 15% global tariff, prompting traders to cut exposure. With bitcoin price today under pressure, liquidity appears thin and conviction low, while gold draws haven demand. U.S. investors are tracking policy updates, equity futures, and stablecoin flows as this crypto market selloff tests key levels. We break down drivers, levels to watch, and practical positioning ideas.
Tariffs Trigger Selloff: What Changed
A proposed 15% global tariff from President Trump jolted risk sentiment, sending bitcoin price today below $65,000. Headlines revived growth and trade worries, pushing investors toward safer assets as crypto and related equities weakened. Gold caught haven bids, while volatility picked up across digital assets. Coverage highlighted the policy overhang and fragile sentiment driving the move lower source and source.
Analysts cited thin liquidity and low conviction as sell stops triggered below round numbers. When order books thin out, small market sells can push price quickly through nearby bids. That can exaggerate downside, then snap back when dip buyers return. In this tape, size carefully and use limit orders. The btc price can move several hundred dollars in minutes when depth vanishes near key zones.
Key Levels and Market Internals
Spot traders flagged $65,000 as a near-term pivot, with $62,000 to $63,000 as an initial support band. A decisive loss of $60,000 could open talk of a deeper slide, with some analysts warning of risk toward $50,000 if macro stress builds. On the upside, reclaiming and holding prior breakdown areas often signals fading selling pressure and a shift back to balance.
During U.S. hours, crypto often tracks broader risk tone. A strong tech tape and calmer rates backdrop can lift the btc price, while equity weakness tends to weigh. Watch Nasdaq futures, Treasury yields, and dollar strength for clues. Stablecoin netflows into exchanges and rising open interest can hint at risk appetite returning after sharp intraday swings.
btc price Outlook and Scenarios
Base case sees consolidation between recent lows and prior breakdown zones as traders digest tariffs news. If headlines worsen or liquidity thins further, a retest of $60,000 is possible, with some warning that panic could extend toward $50,000. A quick reclaim of lost levels would favor stabilization, especially if funding normalizes and spot demand absorbs residual sell pressure.
Clear policy guidance on trump tariffs, steadier equity markets, and improving risk appetite would help the btc price build a base. Ongoing institutional adoption, healthy ETF inflows, and supportive funding can reinforce any rebound. Conversely, rising volatility, stronger dollar moves, or tighter financial conditions may cap rallies. Track headlines, cross-asset signals, and depth on major dollar books.
Strategy Ideas for U.S. Investors
Consider scaling entries near identified supports and trimming into resistance while using hard stop losses. Favor limit orders in thin books to control slippage. Define maximum position size and stick to a plan when the btc price accelerates. Short time frames may prefer tighter risk controls, while swing traders can use closing levels to confirm breaks or failed moves.
Keep crypto sizing aligned with total portfolio risk, not just conviction. In the U.S., the IRS treats crypto as property. Short-term gains are taxed at ordinary income rates, while long-term rates apply after one year. Track cost basis, wash sale rules do not currently apply to crypto, and consider quarterly estimates if realizing meaningful profits or losses.
Final Thoughts
Tariff shock, thin liquidity, and haven flows pushed bitcoin price today under $65,000, igniting a broader crypto market selloff. For traders, the near-term playbook is simple: respect key levels, size carefully, and use limit orders when depth is light. For investors, focus on portfolio risk, time horizon, and tax treatment. A sustained rebound likely needs calmer macro signals, clearer policy on trump tariffs, and stronger spot demand. Until then, expect choppy ranges. Map supports around $62,000 to $63,000, watch the $60,000 line, and look for improving flows before leaning bullish on the btc price.
FAQs
Why did bitcoin price today drop below $65,000?
Markets reacted to a proposed 15% global tariff from President Trump, which revived growth and trade worries. Risk assets sold off, liquidity thinned, and stops triggered near round numbers. Gold drew haven demand, while crypto and related equities weakened as uncertainty rose and traders cut exposure to reduce overnight and headline risk.
Is this the start of a bigger crypto market selloff?
It could be a short-lived shock or the first leg of a deeper move, depending on policy clarity and broader risk tone. If tariffs headlines worsen and liquidity stays thin, downside can extend. Stabilization in equities, calmer rates, and stronger spot demand would support a base and reduce the chance of further cascading.
What levels matter for the btc price this week?
Watch $65,000 as a pivot, the $62,000 to $63,000 band as initial support, and $60,000 as a key line. A firm reclaim of breakdown zones would favor stabilization. A clean loss of $60,000 raises risk of a deeper slide, with some analysts discussing the possibility of a move toward $50,000.
How could trump tariffs affect crypto longer term?
Persistent tariff uncertainty can raise volatility, hit growth expectations, and support the dollar, which can pressure risk assets. Clear policy guidance, stronger equities, and improving liquidity would help crypto recover. Over time, institutional participation and consistent ETF inflows can offset shocks, but near-term path will track macro headlines closely.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.