Bitcoin fell to $63,308 as Trump’s 15% tariff announcement triggered panic selling and heavy market liquidations.
More than $438 million in crypto positions were liquidated in 24 hours, showing that leverage and forced selling amplified the market decline.
Ethereum dropped 1.55% to $1,828, while most major altcoins crashed, with Bitcoin Cash recording the sharpest fall.
A brief depeg of the Trump-backed USD1 stablecoin and fresh regulatory discussions in the US and South Korea added further pressure to market sentiment.
Crypto prices today are falling fast as a wave of panic triggered by the new US regulatory development hit the global market. Bitcoin is down to the $63,000 levels. Most altcoins have followed suit, trading in the red zone. The global market cap plunged 1.54% to $2.19 trillion at press time. The main reason for this drop is the latest Trump tariff levy of 15%.
We have moved from a crypto-friendly regime in the US that promised a ‘golden age’ for digital assets to an era where erratic trade rules are doing the most damage. Many feel this same industry helped Donald Trump win the 2024 Presidential election. Now, it seems to have become a personal tool for gain for the US presidential family rather than a public interest.
If Trump’s ego continues to drive these tariff threats, the dreams of millions of retail investors could be ruined. We already watched Bitcoin lose its grip on the vital $66,000-$67,000 support zone. With the US pressure continuing, is a return to the painful $50,000 level now close?
Let’s explore the crypto news today impacting the market and prices based on CoinMarketCap data, to answer the above-mentioned question.
Bitcoin (BTC) price today is down 2.20% in the last 24 hours to $63,308.70. The sharp drop resulted in forced selling in the derivatives market. According to the latest Bitcoin news, in just one hour, over $230 million in leveraged long positions were wiped out.
Over 24 hours, total crypto liquidations hit roughly $438 million, with Bitcoin alone accounting for nearly $89 million. The coin is behaving more like a stock, despite its popular ‘digital gold’ moniker. Adding to the stress, about 46% of Bitcoin's supply is currently held at a loss. The weekly realized losses in cryptocurrencies have hit roughly $1.93 billion, the biggest spike since 2022.
Avinash Shekhar, Co-founder and CEO, Pi42, noted, “Bitcoin’s recent move toward the $64,000 zone is less about panic and more about positioning stress. What we are seeing is a recalibration of expectations after an extended period of optimism. Funding rates have cooled, momentum has weakened, and short-term conviction has clearly faded, but this is not disorderly capitulation. What stands out is the divergence between price weakness and structural demand. Spot flows remain relatively stable while derivatives positioning is being unwound. This suggests the correction is driven by leverage rather than a decline in adoption.”
Shekhar added, “The market is transitioning from momentum trading to valuation sensitivity. If Bitcoin stabilises above the $63,000 to $64,000 liquidity pocket, it would indicate that absorption is underway. Failure to hold that band, however, could accelerate downside toward deeper demand zones as systematic selling intensifies.”
If Bitcoin holds here, a bounce toward $67,000 is possible. A break below could open the door to $60,000-$62,000. Some analysts say a deeper move toward $35,000-$45,000 is possible if macro conditions get worse.
Ethereum (ETH) dropped 1.55% to $1,828.99 over the past 24 hours. Its market cap is around $220.7 billion, with $21 billion in trading volume. There are currently 120.69 million ETH in circulation.
Today’s ZebPay crypto trade report by Harish Vatnani, Head of Trade, noted, "Ethereum on the daily timeframe remains in a clear bearish market structure. Since topping near the 4,800 region, the price has consistently shown lower highs and lower lows, confirming sustained downside control. Currently, the price has broken the symmetrical triangle and is still in the bearish zone. Immediate support sits near $1,750-$1,800. A clean break below this region could expose the $1,500-$1,600 demand zone. For bullish invalidation, price would need to break above $2,100 convincingly and reclaim $2,400."
Here is a table showing how the world’s top ten cryptocurrencies performed today over the last 24 hours.
| Name | Current Price | 24h % Change | 24h Volume |
|---|---|---|---|
| Bitcoin (BTC) | $63,308.70 | -2.20% | $45,703,239,354 |
| Ethereum (ETH) | $1,828.99 | -1.55% | $21,096,935,962 |
| Tether (USDT) | $0.9995 | -0.03% | $87,825,064,443 |
| XRP (XRP) | $1.32 | -0.53% | $3,176,186,166 |
| BNB (BNB) | $591.97 | 0.84% | $1,867,036,931 |
| USDC (USDC) | $0.9999 | -0.01% | $14,105,977,663 |
| Solana (SOL) | $76.78 | -0.70% | $4,360,258,485 |
| TRON (TRX) | $0.2818 | -1.64% | $569,106,696 |
| Dogecoin (DOGE) | $0.09139 | -1.10% | $923,357,439 |
| Bitcoin Cash (BCH) | $486.12 | -9.80% | $566,787,293 |
Biggest Loser: Bitcoin Cash with a decline of 9.80%. Despite the steep fall, the coin managed to hold its tenth position with Cardano still at the eleventh spot.
Liquidity: USDT and USDC both continued to maintain their dollar pegs. The stablecoins showed relative strength compared to the broader market, offering traders some much-needed relief.
Also Read: Bitcoin Crash vs Crypto Market Crash: What’s the Difference
Here are the top headlines impacting crypto prices today.
The US is seeing some growth in how banks handle crypto. Crypto.com received approval for a national trust bank charter. This is a major step for big institutional investors. Also, the US Senate will again discuss the CLARITY Act on February 25. These moves suggest that while trade policies are hurting prices, the legal bones of the crypto world are still growing.
USD1, the coin backed by the Trump family's World Liberty Financial, briefly fell due to a cyberattack.
Nischal Shetty, Founder of WazirX, noted, “World Liberty Financial’s stablecoin briefly depegged to $0.994 before bouncing back, as what has now been identified as a result of cyber criminals gaining access to social media credentials of the founders. WLF further added that its infrastructure remains safe, and only social media credentials were exploited to spread FUD in a coordinated attack, to bring the price down for the token. Importantly, Standard Chartered maintained its long-term $2 trillion stablecoin market projection by 2028, reinforcing long term institutional confidence.”
The quick recovery in USD1 prices helped limit the damage, but the incident adds to an already nervous market environment.
South Korea's lawmakers may make crypto exchange regulations stricter. Bithumb's now-infamous $40 billion Bitcoin blunder is behind this move. A Bithumb employee accidentally sent Bitcoin instead of Korean won to 249 lucky draw participants. The number of bitcoins sent was more than the company had reported in its official filings, raising regulatory concerns. For crypto prices, tighter regulations in a major market like South Korea can create short-term uncertainty and selling pressure.
Crypto prices today remain under pressure with fear at extreme levels, and uncertainty in macro conditions. If Bitcoin holds the $64,000-$65,000 zone, a short-term bounce is possible. If the Trump tariff threats linger, we could see more retail investors cashing out. Keep your eyes on the money moving into stablecoins. Until these global cues improve, the bears are staying firmly in the driver’s seat. Regulatory developments in both the US and South Korea will be key factors shaping where prices go next.
Also Read: Crypto Market Today: Bitcoin Price Tests $65,000 Support as Trump’s 15% Tariffs Shake Crypto Markets
1. Why is the crypto market down today?
The crypto market is down today mainly because of broad macroeconomic fear. President Trump’s new tariff plan shocked markets and triggered selling. Many traders also reduced risk exposure after large leveraged positions were liquidated. Regulatory uncertainty and a stablecoin scare added to the nervous sentiment. This combination pushed most major tokens into the red.
2. Why did Bitcoin crash today?
Bitcoin dropped today after losing key support near $66,000-$67,000. The tariff news spooked traders and triggered forced selling in the derivatives market. Over $230 million in leveraged long positions were wiped out in just one hour, which amplified downside pressure. These forced sales pushed Bitcoin’s price down to around $63,308.
3. What happened with the Trump stablecoin?
The Trump-backed stablecoin USD1 briefly lost its dollar peg and dipped to about $0.994. The project said a coordinated cyberattack accessed social accounts of its founders to spread panic. Smart contracts and wallets were not compromised. USD1 quickly recovered close to its peg, but the event added extra stress to an already nervous market.
4. What is the latest crypto news?
Latest crypto news includes tariff fears hitting markets, a stablecoin depeg incident, and regulatory shifts. Crypto.com received conditional approval for a national trust bank charter in the US. South Korea is considering stricter crypto exchange rules after a Bithumb error. The US Senate is also discussing the CLARITY Act, which affects digital asset regulation.
5. How is Ethereum performing today?
Ethereum is trading lower today, down about 1.55% to around $1,828.99. The price is still in a bearish trend and has broken important support levels. Trading volume remains strong, but short-term sentiment is weak. Analysts say the next key support zone lies between $1,750 and $1,800, and a break below could trigger deeper declines.
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