{"id":834292,"date":"2025-03-15T15:12:01","date_gmt":"2025-03-15T20:12:01","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/15\/bitcoin-btc-price-crashes-further-under-80k-due-to-trumps-tariffs-etf-outflows\/"},"modified":"2025-03-15T15:12:01","modified_gmt":"2025-03-15T20:12:01","slug":"bitcoin-btc-price-crashes-further-under-80k-due-to-trumps-tariffs-etf-outflows","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/15\/bitcoin-btc-price-crashes-further-under-80k-due-to-trumps-tariffs-etf-outflows\/","title":{"rendered":"Bitcoin (BTC) Price: Crashes Further Under $80k Due to Trump\u2019s Tariffs &#038; ETF Outflows"},"content":{"rendered":"<p>Bitcoins <\/p>\n<article id=\"post-26985\">\n<div>\n<h2>Bitcoins TLDR<\/h2>\n<ul>\n<li>Bitcoin has fallen below $80,000, erasing gains made since Donald Trump\u2019s election<\/li>\n<li>The 27% decline from January\u2019s all-time high of $109,000 coincides with $2.7 billion in ETF outflows<\/li>\n<li>Market uncertainty stems from Trump\u2019s proposed 25% tariffs on imports from Canada, Mexico, and EU<\/li>\n<li>The $1.4 billion Bybit exchange security breach has further damaged market confidence<\/li>\n<li>Historical data shows Bitcoin has experienced 16 significant corrections with declines ranging from 30-85%<\/li>\n<\/ul>\n<hr>\n<p>Bitcoin has dropped below the $80,000 mark for the first time since November 2024. The world\u2019s largest cryptocurrency fell to around $79,800 on February 28, marking a 6% decline in just 24 hours.<\/p>\n<p>This price drop has erased the gains made following Donald Trump\u2019s election victory. Many traders had been watching the $82,000 level as possible support, but with that barrier now broken, expectations are shifting toward a potential drop to the $70,000 range.<\/p>\n<figure id=\"attachment_26987\" aria-describedby=\"caption-attachment-26987\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/02\/btc-price-4.png\" alt=\"bitcoins  BitcoinBTC Price\" width=\"849\" height=\"635\"  ><figcaption id=\"caption-attachment-26987\">Bitcoin<br \/><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">BTC Price<\/a><\/figcaption><\/figure>\n<p>The decline represents a 27% pullback from Bitcoin\u2019s all-time high of $109,000. That record was set in January 2025, shortly after Trump\u2019s inauguration.<\/p>\n<p>Market data shows the total amount of Bitcoin 12-hour liquidations has reached $327 million. Long positions have taken the heaviest hit according to Coinglass data.<\/p>\n<p>U.S. spot Bitcoin ETFs recorded $275 million in net outflows on February 27 alone. This brings the total outflows over the past week to $2.7 billion, based on SoSoValue data.<\/p>\n<p>February has seen investors pull more than $2 billion from spot Bitcoin ETFs. This marks the most substantial weekly outflows since these investment vehicles were first introduced.<\/p>\n<p>The current downturn mirrors a similar 33% drop that occurred between March and August 2024. That previous correction took 144 days before Bitcoin reached a new high in November.<\/p>\n<p>Bitcoin has now dropped below its 200-day moving average. This technical indicator is often watched by traders to assess the strength of long-term trends.<\/p>\n<h3>Macroeconomic Uncertainty<\/h3>\n<p>The primary cause of the decline appears to be macroeconomic uncertainty. Trump\u2019s proposed 25% tariffs on imports from Canada, Mexico, and the European Union have alarmed investors.<\/p>\n<p>These tariff proposals have stoked worries that growing prices may raise inflation. While some analysts believe the tariffs would boost domestic manufacturing, market sentiment has clearly shifted to risk aversion.<\/p>\n<p>Capital has been flowing into safe-haven assets like the U.S. dollar and Treasury bonds. Gold ETFs have seen inflows rise, suggesting investors are moving toward more traditional safe investments.<\/p>\n<p>The market pullback comes as traders reassess expectations for Federal Reserve interest rate cuts. Persistent inflation data has reduced the likelihood of immediate monetary easing.<\/p>\n<p>Higher interest rates typically weigh on risk assets like Bitcoin. The cryptocurrency had rallied in late 2024 partly due to expectations of a looser monetary environment.<\/p>\n<h3>ByBit Hack<\/h3>\n<p>Adding to the market troubles, a security breach on the Bybit exchange last week resulted in a $1.4 billion theft. This represents the largest crypto theft in history and has raised serious concerns about digital asset security.<\/p>\n<p>Some analysts have linked this major security breach to increased selling pressure in the market. The incident brings the total money lost in crypto hacks for 2025 to $1.6 billion, nearly matching 2024\u2019s full-year total of $2.2 billion.<\/p>\n<p>Despite these challenging market conditions, there are some signs of continued retail optimism. Sentiment\u2019s February 28 social media analysis revealed a spike in references to \u201cbuy the dip.\u201d<\/p>\n<p>However, historical patterns indicate that excessive optimism during downturns often precedes further declines. BitMEX co-founder Arthur Hayes warned that Bitcoin remains in a downtrend, forming lower lows.<\/p>\n<p>Hayes predicts another sharp drop below $80,000 over the weekend. He suggests Bitcoin could test the $70,000 to $75,000 range if Trump fails to advance his budget plans.<\/p>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are making lower lows in this current wave. I was tempted to add risk this morning, but looking at this price action I think we have one more violent wave down below $80k, most likely over the weekend, then crickets for a while. Hold on to your butts! <a href=\"https:\/\/t.co\/e6nshZejAb\">pic.twitter.com\/e6nshZejAb<\/a><\/p>\n<p>\u2014 Arthur Hayes (@CryptoHayes) <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/1895289783792079143?ref_src=twsrc%5Etfw\">February 28, 2025<\/a><\/p>\n<\/blockquote>\n<p>On-chain data indicates that most selling pressure is coming from newer investors. Wallets that have been holding Bitcoin for extended periods remain relatively inactive.<\/p>\n<p>Historically, Bitcoin has experienced at least 16 major corrections from all-time highs. These declines have ranged from 30% to 85% before eventually recovering.<\/p>\n<p>More severe historical downturns, such as the 78% plunge in 2021-2022 and the 84% drop in 2018, took multiple years before fresh highs were reached.<\/p>\n<p>Traders are now closely watching support levels around $75,000. They\u2019re also monitoring ETF flows for any signs of renewed demand that might signal a potential recovery.<\/p>\n<p>With the current market conditions and various pressures at play, Bitcoin\u2019s short-term outlook remains highly uncertain.<\/p>\n<\/p><\/div>\n<section>\n<p>\t<img loading=\"lazy\" alt src=\"https:\/\/secure.gravatar.com\/avatar\/9eb3aeab1807087154cda7b62b4a98e3?s=95&#038;r=g\"  height=\"95\" width=\"95\" decoding=\"async\">\t<\/p>\n<div>\n<p><a href=\"https:\/\/coincentral.com\/author\/oli\/\" title=\"Posts by Oliver Dale\" rel=\"author\">Oliver Dale<\/a><\/p>\n<p>Editor-in-Chief of CoinCentral and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology &#038; a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch &#038; More. Contact <span \n                data-original-string='MNy6Rlw3Ng5miY0ciuWEuw==7f4+2LPJOx8G1KosMFbkVV04xv+mwpF3qaDrghjB9W4SVA='\n                class='apbct-email-encoder'\n                title='This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.'>Ol<span class=\"apbct-blur\">****<\/span>@<span class=\"apbct-blur\">*********<\/span>al.com<\/span><\/p>\n<\/p><\/div>\n<\/section>\n<p> Oliver Dale <a href=\"https:\/\/coincentral.com\/bitcoin-btc-price-crashes-further-under-80k-due-to-trumps-tariffs-etf-outflows\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR Bitcoin has fallen below $80,000, erasing gains made since Donald Trump\u2019s election The 27% decline from January\u2019s all-time high of $109,000 coincides with $2.7 billion in ETF outflows Market uncertainty stems from Trump\u2019s proposed 25% tariffs on imports from Canada, Mexico, and EU The $1.4 billion Bybit exchange security breach has further damaged market<\/p>\n","protected":false},"author":1,"featured_media":834293,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,4759],"tags":[11476],"class_list":["post-834292","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-price","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/834292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=834292"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/834292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/834293"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=834292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=834292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=834292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}