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CryptoMedium•23 February 2026•

1 min read

Bitcoin Rebounds as Tariff Uncertainty Wipes $100 Billion from Crypto Market

A dramatic image showing a red downward trend line, a cracked cube with a Bitcoin symbol, and 'SYSTEM FAILURE -99%'. Debris, circuit boards, and broken crypto coins are scattered.

Key Facts

1The crypto market lost approximately $100 billion in value due to uncertainty surrounding tariff policies.

The cryptocurrency market experienced a significant downturn, losing approximately $100 billion in total value amid growing uncertainty over international tariff policies. Bitcoin (BTC) bore the brunt of the selloff, slipping below the $65,000 threshold in the last 24 hours before staging a tentative recovery. This sudden volatility was triggered by a flight from risk assets as investors reacted to potential shifts in global trade dynamics. Despite the current attempt at a rebound, technical indicators from the options market suggest a prevailing bearish sentiment among traders. Analysts point to price targets near $60,000 as a potential downside risk if macroeconomic pressures persist. The broader market remains highly sensitive to macro-political developments, with elevated volatility expected to continue in the near term.