Bitcoin Drops to $82,000 Amid Trump’s Policies, Crypto Market in Turmoil

Bitcoin (BTC), the world’s largest cryptocurrency, experienced a sharp decline, briefly hitting $82,000 before rebounding. The downturn was triggered by economic instability following U.S. President Donald Trump’s policies.

According to data from CoinMarketCap on Thursday (02/27/2025), Bitcoin’s price plunged from $88,000 to a low of $82,000, marking its lowest level since November 2024. As of this report, Bitcoin has rebounded to $84,400.

Alongside the price drop, Bitcoin’s daily trading volume also shrank by 22% to $65.4 billion, causing its market capitalization to plummet to $1.67 trillion. This downward trend has been ongoing since February 25, 2025, when Bitcoin fell from $92,000 to $89,000.

The slump also impacted other major cryptocurrencies. Ethereum (ETH) fell more than 7%, from $2,500 to $2,300, while XRP and Solana (SOL) experienced similar corrections of around 6%-7%.

Amid the bearish trend, only a few altcoins managed to post gains, including Litecoin (LTC) with a 9% increase, Aptos (APT) rising by 4%, and Celestia (TIA) climbing 5%.

Crypto Market Sentiment Worsens, Fear and Greed Index Hits Lowest Level Since 2022

The crypto market is under severe pressure as the Fear and Greed Index—an indicator measuring investor sentiment—dropped from 21 on February 26, 2025, to just 10.

According to Alternative.me, this is the lowest level since June 2022, when the crypto market crashed following the collapse of Terraform Labs' ecosystem.

The massive sell-off coincided with reports that President Trump plans to impose import tariffs on Canada and Mexico, prompting investors to seek refuge in safe-haven assets like long-term U.S. bonds.

Additionally, Trump’s proposal to impose a 25% import tariff on the European Union has fueled market panic. Reports also indicate that his administration has issued a memo to federal agencies instructing mass layoffs, further exacerbating economic concerns.

Bitcoin Price Forecast

Amid this downturn, analysts predict that Bitcoin may continue to weaken before stabilizing.

In a post on X, independent market analyst Scott Melker noted that while there is a bullish divergence with the Relative Strength Index (RSI) being oversold, the market still needs clearer confirmation before a trend reversal.

Several traders now anticipate that Bitcoin could fall further to the $71,000-$73,000 range before finding a bottom.

To regain $95,000, Bitcoin requires positive sentiment from the global economy. One key factor being closely watched is Nvidia’s quarterly earnings report, set to be released after the U.S. stock market closes on February 26, 2025. Many market participants fear that Nvidia may face pressure due to global tariff policies and U.S. export restrictions on processors to China.

With Bitcoin options worth $6.9 billion set to expire on February 28, market sentiment remains bearish. Data shows that open call (buy) positions total $3.7 billion, but less than $60 million is positioned at $88,000 or lower.

This situation benefits the bears, as they have a strong incentive to keep Bitcoin’s price below $88,000 before the options expire. With weak buying interest and increasing economic risks, Bitcoin is likely to remain under pressure in the near future.

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