‘Bitcoin to Zero’ Searches Spike Amid BTC’s $65K Struggle in Tariff Fallout
The crypto market has began the week beneath strain as macroeconomic uncertainty and commerce tensions unsettled buyers, briefly pushing Bitcoin under $65,000 and driving a surge in on-line panic alerts. The newest decline has carefully adopted international financial headlines fairly than crypto-specific elements.
On Feb. 23, Bitcoin dropped to practically $64,400 inside hours, dragging main altcoins decrease and wiping billions from complete market worth. The transfer coincided with escalating tariff issues after U.S. President Donald Trump introduced a rise in international import tariffs to 15%, amplifying fears of slower financial progress.
Fear Spikes as Retail Sentiment on Bitcoin (BTC) Deteriorates
Retail sentiment has weakened sharply as costs battle round $65,000, with concern more and more seen throughout market indicators. Online search habits displays rising anxiousness, as information from Google Trends reveals a document surge in searches for “Bitcoin to zero.”
Technical indicators present Bitcoin (BTC) struggling to preserve key help ranges amid heightened promoting strain. Spot buying and selling volumes dropped by practically 59%, limiting liquidity and amplifying worth swings. Derivatives markets additionally replicate warning: open curiosity fell to $19.5 billion, roughly half of January’s peak.
Price charts point out additional draw back if help close to $64,000 fails, with $60,000 as the important thing decrease goal. The 20-day transferring common round $68,278 and the decrease Bollinger Band close to $64,098 present range-bound strain, whereas delicate outflows and clustered leveraged longs between $64,090–$64,536 may set off liquidations.
Macro Shocks Weigh on Crypto Markets
Analysts linked the sell-off to a mix of weakening financial indicators and risk-off sentiment. U.S. housing information confirmed declining pending dwelling gross sales, whereas forex markets reacted to expectations of tighter coverage from the Bank of Japan, strengthening the yen and prompting international funds to scale back leverage.
Similarly, whale exercise added strain. On-chain data confirmed massive holders transferring cash onto exchanges, a sign usually related to promoting. Spot buying and selling volumes additionally dropped considerably, suggesting restricted liquidity to soak up sudden strikes.
The broader market adopted Bitcoin decrease. Ethereum fell roughly 5%, whereas different main tokens posted losses between 3% and eight%. Additional consideration got here after Ethereum co-founder Vitalik Buterin bought thousands and thousands of {dollars} price of ETH, reinforcing issues about near-term provide strain.
Market members now view the $60,000 degree as a key help zone. Analysts warn {that a} sustained break under it may set off massive liquidations, whereas restoration above the mid-$60,000 vary could stabilize sentiment.
Cover picture from ChatGPT, BTCUSD chart from Tradingview
