BTCUSD Falls to $88k as Transatlantic Stokes ETF Outflow
Bitcoin (BTCUSD) fell 3.18% over the past 24 hours, reflecting early profit-taking action amidst geopolitical and geoeconomic tensions amidst exchange-traded outflow.
BTC price dropped as a result of sell pressure, underperforming the broader crypto market’s daily loss of -3.24% as top cryptocurrency assets shed weight across exchanges on Wednesday.
Trading at $88 level, Bitcoin has lost $10k in a week. The world’s largest digital asset valuation drop aligns with a 7-day decline of -7.16%, driven precisely by geopolitical tensions, corporate ETF outflows, and technical breakdowns.
Bitcoin fell alongside equities as U.S. President Trump escalated trade tensions with Europe, threatening 25% tariffs linked to Greenland negotiations The CoinDesk 20 Index dropped 2%, while gold surged 2.18%, signalling a flight to traditional safe havens.
Attempts by the U.S. to change the world economic order has been met by reactions from the European Union, the United Kingdom, and others with plans to release their economic response.
President Donald Trump launched a fresh tariff adjustment against trading partners failing to support the annexation of Greenland, a development that has caused ‘Sell America’ movements as world leaders expressed disappointment in his dominating leadership style.
European Commission President Ursula von der Leyen remarked earlier today, telling EU lawmakers that “the shift in the international order is not only seismic—but it is permanent.”
Bitcoin traded as a “high-beta risk asset” per QCP Capital, vulnerable to macro shocks, reflecting the ongoing transatlantic rift. The U.S. dollar strengthened on tariff fears, pressuring crypto liquidity
BTC broke below the critical support at $91K, though the Relative Strength Index at 26.89 signals oversold, but the moving average convergence divergence (MACD) histogram confirmed bearish momentum.
Spot Bitcoin ETFs saw $131 million in outflows on Jan 20, ending a 12-day inflow streak. BlackRock reportedly moved $148M in BTC to Coinbase, sparking sell-off fears.
Crypto analysts noted that short-term traders rotated capital from crypto amid macro uncertainty. However, Bitcoin’s 60-day performance (+5.42%) suggests longer-term holders remain active.
Bitcoin’s dip reflects a trifecta of macro anxiety, technical triggers, and institutional caution. While oversold conditions could fuel a relief bounce, sustained recovery hinges on ETF inflows resuming and geopolitical calm. BTC, ETH Slide as U.S. Senate Postpones Crypto Bill Discussion
