Bitcoin just reminded everyone that macro still runs this market – a 15% global tariff push from President Trump smashed risk sentiment and sent $BTC briefly below 65k, with the Fear & Greed Index sitting in “Extreme Fear” at 14. While Asian equities held up, BTC is now trading around the mid‑60k zone after a multi‑week drawdown from the 125k top, and funding plus perp positioning suggest this is a classic late‑cycle de‑risking, not a structural collapse.

Altcoins are feeling the pain even more, with $ETH hovering near 1.9k and underperforming after repeated failed attempts to hold above 2k, which keeps leverage longs vulnerable if another macro shock hits. Trump’s tariff escalation and the uncertainty around retaliation from major exporters are pushing big money back toward cash and real‑world cash‑flow assets, so crypto behaves less like “digital gold” and more like a high‑beta tech basket for now. In this environment, rallies on headlines or short squeezes are chances to de‑risk into strength, rotate into higher‑conviction majors, and keep dry powder for when the tariff dust settles and policy signals from the Fed and Treasury turn clearer.
#Macro #TRUMP #CryptoNews #altcoins