Crypto Markets Hit by Tariff Whiplash as Earnings Week Begins

Feb 24, 2026 | Economy

The cryptocurrency market is entering its most critical week of 2026 under a cloud of macro-economic uncertainty. As of Tuesday, February 24, 2026, Bitcoin is struggling to reclaim the $65,000 level, while major public miners are facing a “pivot point” between traditional mining and AI infrastructure.

Trump Tariffs vs. Bitcoin

Bitcoin experienced a sharp “risk-off” rotation over the weekend, dipping as low as $64,300 before stabilizing near $65,000 this morning.

  • The Catalyst: On Saturday, Feb 22, President Donald Trump announced he would raise the global tariff rate to 15% (up from 10%) using Section 122 of the Trade Act of 1974. This move came less than 24 hours after the Supreme Court struck down his previous tariff program.
  • The Safe-Haven Split: In a blow to the “digital gold” narrative, Bitcoin fell 4.8% while actual Gold futures rallied 1.6%, suggesting institutional investors are currently favoring traditional assets over crypto during this period of “tariff whiplash.”
  • Fear & Greed: The Crypto Fear & Greed Index has plummeted to 5 (Extreme Fear), its lowest reading in nearly eight years.

Bitdeer Dumps Entire BTC Holding

In a significant move that rattled the mining sector on Monday, Bitdeer Technologies (BTDR) announced it has sold all 943.1 of its Bitcoin holdings.

  • The Pivot: The sale is part of an aggressive capital raising strategy to fund its expansion into High-Performance Computing (HPC) and Artificial Intelligence.
  • Financial Move: Following a $325 million convertible note offering, the miner is prioritizing cash liquidity over holding assets, reflecting a broader trend where miners are rebranding as “energy infrastructure” companies rather than just crypto holders.

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Busy Earnings Week: The “AI Pivot” Scrutiny

Wall Street will focus on whether Bitcoin miners are successfully converting their energy assets into AI revenue.

Date Company Ticker What to Watch
Tuesday (Today) Cipher Mining CIFR Expected loss of $0.09 – $0.12 per share; focus on the 15-year AWS hosting agreement.
Wednesday Circle Internet CRCL First major public report since its June IPO; expected revenue of $747M.
Wednesday Core Scientific CORZ Updates on their massive AI/HPC data center build-out.
Thursday MARA Holdings MARA Forecasted to flip to a loss; market watching for their BTC accumulation strategy.
Thursday American Bitcoin ABTC First report with direct links to Trump-family ventures.

 

Key Technical Levels for the Week

  • Immediate Support: $64,000. A break below this level could trigger liquidations down to the $60,000 psychological floor.
  • Key Resistance: $68,500. Analysts suggest Bitcoin must reclaim this level to break the current six-week negative trend.
  • ETF Outflows: U.S. spot Bitcoin ETFs have seen $3.8 billion in net outflows over the last five weeks, adding to the selling pressure.

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