{"id":112302,"date":"2025-02-26T11:59:45","date_gmt":"2025-02-26T07:59:45","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112302"},"modified":"2025-02-26T11:59:47","modified_gmt":"2025-02-26T07:59:47","slug":"bitcoin-hits-three-month-low-amid-tariff-concerns-and-etf-outflows","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-hits-three-month-low-amid-tariff-concerns-and-etf-outflows\/02\/26\/market-updates\/","title":{"rendered":"Bitcoin Hits Three-Month Low Amid Tariff Concerns and ETF Outflows"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Bitcoin extended its <strong>losing streak<\/strong> into a fourth straight session on Wednesday, <strong>falling 3.6% to $88,706.9<\/strong> and briefly touching <strong>$86,000<\/strong>, its lowest level in three months. The cryptocurrency market remains under pressure due to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>U.S. trade tariff concerns<\/strong>, sparked by former President Donald Trump\u2019s tariff threats on Canada, Mexico, and now copper imports.<\/li>\n\n\n\n<li><strong>A broader risk-off sentiment<\/strong>, with Wall Street also facing selling pressure amid economic slowdown fears.<\/li>\n\n\n\n<li><strong>A $1.5 billion hack of ByBit<\/strong>, which weakened overall crypto confidence.<\/li>\n<\/ul>\n\n\n\n<p>Even <strong>MicroStrategy\u2019s (NASDAQ:MSTR) $2 billion Bitcoin purchase<\/strong> failed to lift sentiment, highlighting the market\u2019s current fragility.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>ETF Outflows Add to Selling Pressure<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin ETFs saw <strong>record outflows of $1.01 billion<\/strong> on Tuesday, their biggest single-day withdrawal since March 2024.<\/li>\n\n\n\n<li><strong>Fidelity Wise Origin Bitcoin Fund (FBTC)<\/strong> saw <strong>$344.7 million<\/strong> in outflows, while <strong>BlackRock&#8217;s iShares Bitcoin Trust ETF (IBIT)<\/strong> lost <strong>$164.4 million<\/strong>.<\/li>\n\n\n\n<li>These outflows indicate <strong>profit-taking by institutional investors<\/strong>, reversing gains made since Trump\u2019s election victory in November.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Altcoins Show Signs of Stability<\/strong><\/h3>\n\n\n\n<p>Despite Bitcoin\u2019s weakness, altcoins and memecoins showed slight recoveries:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ether (ETH)<\/strong> rose <strong>0.5%<\/strong> to <strong>$2,492.69<\/strong>.<\/li>\n\n\n\n<li><strong>XRP<\/strong> climbed <strong>1.9%<\/strong> to <strong>$2.2923<\/strong>.<\/li>\n\n\n\n<li><strong>Solana, Cardano, and Polygon<\/strong> gained between <strong>2% and 5%<\/strong>.<\/li>\n\n\n\n<li>Among memecoins, <strong>Dogecoin (DOGE)<\/strong> rose <strong>0.9%<\/strong>, while <strong>$TRUMP<\/strong> fell <strong>0.5%<\/strong>, hitting <strong>record lows<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Market Outlook<\/strong><\/h3>\n\n\n\n<p>With <strong>Bitcoin ETFs seeing heavy outflows<\/strong> and macroeconomic concerns weighing on sentiment, further downside remains a risk. However, <strong>altcoins stabilizing<\/strong> suggests some resilience in the broader crypto market.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin extended its losing streak into a fourth straight session on Wednesday, falling 3.6% to $88,706.9 and briefly touching $86,000, its lowest level in three months. The cryptocurrency market remains under pressure due to: U.S. trade tariff concerns, sparked by former President Donald Trump\u2019s tariff threats on Canada, Mexico, and now copper imports. A broader &hellip;<\/p>\n","protected":false},"author":9,"featured_media":105265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,39,36],"tags":[],"class_list":["post-112302","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=112302"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112302\/revisions"}],"predecessor-version":[{"id":112303,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112302\/revisions\/112303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105265"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}