Bitcoin Falls Below $85K as Crypto Markets Face Record ETF Outflows and Tariff Concerns

The cryptocurrency market struggles with sharp sell-offs, ETF outflows exceeding $1 billion, and economic uncertainty tied to new U.S. tariffs.

Bitcoin's price has dropped over 20% from its January peak, reaching a low of $83,000, its worst performance since 2022.
Spot Bitcoin ETFs experienced record outflows, with over $1.1 billion withdrawn in a single day, driven by institutional unwinding of carry trades.
The broader crypto market saw over $760 million in liquidations in the past 24 hours, alongside a decline in investor sentiment to 'extreme fear' levels.
Macroeconomic factors, including President Trump's newly announced 25% tariffs on the EU, are contributing to a risk-off sentiment across markets.
Market analysts predict potential further declines for Bitcoin, with key support levels identified near $80,000 and $74,000.