Bitcoin holds $87K but crypto dips 2.7% today. Tariffs, Bitcoin ETF outflows hit prices—will BTC/USD stay above $86K?
Bitcoin price is stable at press time, rejecting bear attempts. BTCUSD is trading above $87,000; buyers have the upper hand, though the broader crypto market is down.
The total crypto market cap is $2.9 trillion, down 2.7% in the last 24 hours. Bitcoin is impressively soaking up attempts to push prices lower.
Factors like tariffs and Bitcoin ETF outflows are slowing momentum and depressing crypto prices, including altcoins. The Federal Reserve's plan to lower rates and new tariffs announcements could disrupt the economy and risk-off sentiment contributes to the depressed market.