Bitcoin slips under $65K as investors brace for tariff shocks, US-Iran tensions, and a packed week of market-moving reports.
Crypto markets started the week under pressure after a sharp weekend sell-off triggered by renewed tariff shocks and geopolitical tensions.
Bitcoin briefly slipped below $65,000 on Monday as roughly $226 million in leveraged long positions were liquidated, underscoring fragile market positioning.
The sell-off followed a string of abrupt tariff reversals from Donald Trump after a U.S. Supreme Court ruling blocked his unilateral tariff plans as exceeding presidential authority. Angered, Trump first announced new 10% tariffs on global trading partners starting Tuesday, only to quickly raise them to 15%. Meanwhile, escalating concerns over potential U.S. military action against Iran are adding further pressure to global risk sentiment.
Against this volatile backdrop, investors are bracing for a week packed with economic data and corporate earnings that could further shape crypto liquidity and price action.
February 23 (Monday) — US Factory Orders
Released at 10:00 AM ET, the Factory Orders report tracks demand for manufactured goods, providing an early signal of economic momentum.
Weak orders could fuel slowdown fears and put pressure on risk assets, including crypto, as investors worry about a potential economic contraction.
February 24 (Tuesday) — US Tariffs Update and US Consumer Confidence Index
In response to the Supreme Court blocking his broader tariff plans, Trump’s hastily introduced 15% tariffs on global trading partners take effect on Tuesday
Although temporary and set to last 150 days, the move heightens trade uncertainty, potentially weighing on global growth, increasing USD volatility, and prompting capital rotation away from risk assets.
The monthly Consumer Confidence Index, released at 10:00 AM ET, gauges household optimism about the economy and spending outlook.
Weak readings may signal slower economic growth, reduced risk appetite, and downward pressure on cryptocurrencies.
February 25 (Wednesday) — NVIDIA Earnings
NVIDIA, the world’s most valuable company, will release its quarterly earnings report on Wednesday after the market close. The results serve as a key barometer for the broader tech and AI sectors, which can have direct ripple effects on cryptocurrency markets.
Strong results could lift equities and AI-linked crypto projects, while disappointing guidance may trigger broader risk-off behavior across high-beta assets.
February 26 (Thursday) — US Initial Jobless Claims
The US Initial Jobless Claims report, released Thursday at 8:30 AM ET, provides a weekly snapshot of labor market health by tracking the number of people filing for unemployment benefits for the first time.
Strong labor data may support a “higher for longer” interest rate outlook, tightening liquidity conditions that typically limit crypto upside.
February 27 (Friday) — US Producer Price Index
The US Producer Price Index (PPI), released Friday at 8:30 AM ET, is a key measure of wholesale inflation, tracking price changes at the producer level before they reach consumers.
PPI is closely watched for clues about inflation trends. Hotter-than-expected readings can reinforce expectations for tighter monetary policy, while softer readings may increase speculation about potential easing.
Why This Matters
Markets remain highly sensitive to tariff uncertainty, geopolitical tensions, and macroeconomic data. With recent deleveraging already evident, crypto is likely to stay reactive to dollar strength, Fed expectations, and shifts in risk sentiment throughout the week.
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