Why Bitcoin (BTC) Price Dipped to $62,700 and How Low It Could Go Before a Strong Rebound

Bitcoin price dropped below $63,000 earlier today, Tuesday, February 24. The decline followed a new 15% U.S. tariff announcement and rising geopolitical tensions. Market participants cut exposure to risk assets across global markets.

Bitcoin Price Drops as Tariff Decision Shakes Markets

Bitcoin fell more than 6% to an intraday low near $62,700 before recovering slightly to around $63,256. The cryptocurrency is down about 7% this week and roughly 29% over the past month. It has lost nearly half its value since topping $126,000 in October.

The sell-off followed comments from U.S. President Donald Trump, who said he would impose temporary 15% tariffs on imports. The rate increases from the 10% previously announced after the U.S. Supreme Court blocked an earlier tariff strategy. Trump also said he would decide within about 10 days whether to authorize a strike on Iran, adding to market uncertainty.

U.S. stocks declined after the announcement. The Dow Jones Industrial Average fell more than 800 points in a recent session. The Nasdaq 100 and the S&P 500 each dropped over 1%. Analysts said Bitcoin moved in line with equities as holders shifted into defensive positions.

$368 Million in Liquidations Hit Derivatives

The downturn triggered heavy liquidations in crypto derivatives markets. Data from CoinGlass showed that $368 million in positions were liquidated over 24 hours. Long positions accounted for $290.4 million of that total, indicating many had bet on rising prices.

Futures open interest dropped to around $92.25 billion, down more than 4%. Notably, the broader cryptocurrency market capitalization slipped to about $2.26 trillion, down 2.9% over the same period.

$60,000 Becomes a Key Level for Bitcoin

Market participants are keeping a close eye on $60,000. Analysts say if Bitcoin drops below this level, it could slide toward $50,000.

The 50-week moving average is still above the 100-week average, and in past cycles, a crossover of these averages marked major bear markets - which hasn't happened yet.

Other major cryptocurrencies also fell: Ethereum dropped to around $1,820, Solana hovered near $77, and XRP sold near $1.33. Retail sentiment on Ethereum has turned bearish.

Institutional flows are mixed. Bitcoin ETFs saw $88.1 million in inflows on February 20, ending three days of outflows, but Monday's $203 million outflow put ETFs back in negative territory.

Network activity is slower, with daily active Bitcoin users below levels seen in past bull markets, showing retail participation hasn't fully returned.

Bitcoin's short-term direction depends on economic policies and developments in the Middle East. If selling pressure rises, Bitcoin could test $60,000. For now, it stays in a bearish phase unless it climbs back above $74,000.

Diversification Angle: Early-Stage Projects Like Minotaurus (MTAUR)

While Bitcoin and other large-cap assets face short-term volatility, some are exploring early-stage projects as diversification plays. One such project is Minotaurus (MTAUR) (http://minotaurus.io/insight/b925c923bddc9713a645), which is currently in its presale phase.

Because MTAUR remains in presale, its price structure differs from the open market. The token is currently priced at 0.00012675 USDT, up from an earlier 0.00004 USDT level, reflecting a roughly 3x increase over the past few months. Presale pricing moves in structured increments rather than fluctuating with broader market swings.

The project reports over 3,121,880 USDT in deposits so far. According to a Coinsult Proof of Assets report, the presale wallet (0xc6c0BB246bEb67165ae53B6257A63eaA6Ada9F1e) showed zero outbound transactions during the 549-day presale period. As of December 18, 2025 (11:00 GMT+2), on-chain holdings stood at $2,727,183.89, providing a verifiable reference point for presale activity.

With a reported starting market capitalization of approximately 5.6 million, supporters argue the project has room for expansion if exchange listings and adoption milestones materialize. The team has indicated plans to list on major exchanges and announce additional partnerships following the presale phase.

Conclusion

Bitcoin's short-term direction remains tied to macroeconomic developments and the critical $60,000 support level. While large-cap cryptocurrencies continue to react to global uncertainty, some are selectively diversifying into early-stage opportunities alongside established assets like Bitcoin and XRP.

For those interested in exploring Minotaurus (MTAUR), details about the presale structure and participation process are available on the project's official website (http://minotaurus.io/insight/b925c923bddc9713a645).

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Press contact: PR Department (pr@minotaurus.io)

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This release was published on openPR.