Overview
- Bitcoin briefly slipped to about $64,300 before rebounding to the mid-$60,000 range, extending a volatile stretch that has left it down more than 20% this year.
- Traders cited President Trump’s newly floated 15% global import tariff and broader geopolitical tensions, alongside doubts about rapid U.S. rate cuts, as key pressures on risk assets.
- Analyst Adrian Fritz of 21shares says the selloff was accelerated by the unwinding of leveraged positions and ensuing forced liquidations before spot demand could stabilize prices.
- Bloomberg data show a stark rotation over three months, with more than $16 billion flowing into gold ETFs as roughly $3.3 billion exited Bitcoin ETFs.
- BIT Capital’s Ha Duong outlines 2026 paths: a 10% chance of a multi‑year slide toward ~$30,000, a 50–60% base case stabilizing near $50,000–$55,000, and a 30% rally scenario toward ~$100,000.