Bitcoin (BTC) has fallen to $63,131, losing 50% of its value since its October peak. Uncertainty surrounding new US tariff policies and a decline in investor appetite for risk assets have led to a sharp downturn in the cryptocurrency market.

Strategy, the largest corporate holder, has recently acquired an additional 592 BTC, but the asset is trading below the company’s average purchase price of $76,020. Meanwhile, institutional investors are consistently selling off spot exchange-traded funds (ETFs), according to data from analytical platform Glassnode. Large private holders are also transferring substantial amounts of cryptocurrency to exchanges for further sales.

Following the Supreme Court's ruling to strike down US President Trump’s tariffs, a key macroeconomic pressure point remains the trade policies of Washington. New universal tariffs have been set at 10%, lower than the originally proposed 15%. These legal disputes have triggered broader risk aversion in global financial markets, particularly impacting the speculative sector of digital assets.

Altcoins have followed Bitcoin’s downward trajectory amid a global liquidity outflow. Ethereum (ETH) dropped to $1,826, hovering near its local lows. The correction has spread across the entire digital asset space, with the market cap of meme-based cryptocurrency Dogecoin shrinking by 3.6%.