#TrumpAnnouncesNewTariffs Bitcoin Market Snapshot (Feb 25, 2026)

The price action is currently defined by a "wait-and-see" institutional stance and extreme retail fear.
Current Spot: ~$64,100 (recovering slightly after yesterday's low near $62,700).
Total Market Cap: Sitting at $2.19T, testing the extremes of early February. Over $2T in value has been shed since the 2025 peak.
Sentiment: Extreme Fear (Index at 14). Historically, this level of despondency has signaled local bottoms, but the macro headwinds are uniquely heavy this time.
On-Chain Floor: Realized price remains near $55k, which serves as the ultimate macro support if the $60k psychological barrier fails.
Macro Drivers: The "Nvidia Pivot" & Tariffs
Bitcoin is increasingly trading as a high-beta growth asset, highly sensitive to global liquidity and tech sentiment1. The Bull Case (Relief Scenario)
If Nvidia provides a strong guidance beat and Bitcoin holds the $62k support, expect a "short squeeze" as late-entry bears are forced to cover.
Target: A quick move toward $68k–$70k.
Signal: Look for a 4H close above $65k with rising volume.
2. The Bear Case (Capitulation Scenario)
A break below $60k would likely trigger a cascade of liquidations.
Target: An accelerated drop to the $55k–$58k range (2023 consolidation levels).
Signal: Continued stalled stablecoin inflows (lack of "fiat fuel") combined with an Nvidia miss.