Bitcoin Slips Under $64K On ETF Outflows And Tariff Fears

Bitcoin recently touched a monthly peak of $67,000 during a mid week rally, but the momentum quickly faded. The leading cryptocurrency slid below $64,000, wiping out nearly all of its recent gains. Traders are now assessing two main factors that triggered this sharp drop in the market.

Spot exchange traded funds played a major role in the reversal. These funds enjoyed a strong seven day streak that brought in roughly $1 billion, but sentiment flipped when investors pulled over $200 million out of BTC. On chain reports also showed BlackRock transferring about $203 million worth of Bitcoin to Coinbase Prime, adding selling pressure to the market.

Political news added more weight to the downward pressure. President Donald Trump announced plans to target the European Union with new tariffs, citing heavy penalties placed on major American technology firms. Similar tariff threats have historically hurt crypto prices, and this latest warning arrived just as Bitcoin tested lower support levels.

Market participants should watch upcoming ETF flow reports to see if institutional investors continue to pull money out. Monitoring macro headlines regarding trade policy will also help traders gauge short term market direction.