Bitcoin Hits 3-Month Low Amid ETF Outflows and Trump Tariff Concerns

Bitcoin Hits Three-Month Low at $38,256 Amid ETF Outflows and Market Pressures

  • Bitcoin reached a three-month low of $38,256, matching levels last seen in November 2023.
  • Spot Bitcoin ETF outflows contributed significantly to the downward pressure.
  • New tariff threats from Trump against the EU added to market uncertainty.
  • Liquidations across cryptocurrency markets accelerated the price decline.
  • Technical analysts suggest potential for further downside before market stabilization.

Bitcoin’s price descended to critical support levels on Wednesday as multiple market pressures converged to drive the cryptocurrency to its lowest point since November 2023. The leading digital asset faced heightened selling pressure amid institutional outflows and broader macroeconomic concerns.

- Advertisement -

Bitcoin (BTC) touched $38,256 during the trading session, marking a significant deterioration from its recent stability above the $40,000 level. The decline coincides with substantial outflows from newly launched spot Bitcoin ETF products, suggesting institutional investors may be taking profits or reducing exposure.

Market sentiment deteriorated further following former President Donald Trump‘s statements regarding potential new tariffs on European Union imports, adding another layer of uncertainty to already fragile global markets.

Noted cryptocurrency analyst Scott Melker identified concerning technical patterns, suggesting the possibility of additional downside before price stabilization. The current market structure indicates a break of several key support levels that had previously contained selling pressure.

The cryptocurrency market’s sensitivity to macroeconomic factors continues to demonstrate Bitcoin’s evolution from a purely alternative asset to one increasingly correlated with traditional market risk factors. This latest correction emphasizes the importance of monitoring both crypto-specific developments and broader economic indicators for market participants.

- Advertisement -

Market data shows cascading liquidations of leveraged positions contributed to the accelerated decline, a common phenomenon during sharp market movements that can amplify price swings through forced selling.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

AI Stock Overvaluation Could Propel Bitcoin Higher: Analyst

Macro strategist Lyn Alden suggests Bitcoin's next major rally may depend on capital rotating...

Dubai, Maldives Advance Multi-Million Real Estate Tokenization

Dubai Land Department launched phase two of a real estate tokenization pilot following the...

Top Aave DAO Developer Quits in “Devastating” Split.

Bored Ghosts Developing, a key Aave DAO contractor, will not renew its contract in...

Bitcoin Whale Selling Dominates Despite Easing Sell Pressure

Bitcoin exchange deposits have dropped from a peak of 60,000 BTC in early February...

Idle GPUs Key to Easing AI Compute Crunch

GPU prices for AI workloads have surged dramatically, with the NVIDIA RTX 5090 up...

Must Read

Symbiosis Crypto Bridge: Your Guide to Moving Assets Between Blockchains

What is a Cross-Chain Crypto Bridge?Why Choose Symbiosis for Your Cross-Chain Needs?Support for 50+ BlockchainsAutomatic Routing for the Best RatesNo Need for RegistrationDirect Wallet...
🔥 #AD Get 20% OFF any new 12 month hosting plan from Hostinger. Click here!