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>>Searches for Bitcoin to Zero surge as BTC fights to stay near $65,000 amid tariff fallout

Searches for Bitcoin to Zero surge as BTC fights to stay near $65,000 amid tariff fallout

crypthub

about 9 hours ago

Market Pressure and Bitcoin Dip

Bitcoin fell below $65,000 early this week, briefly touching $64,400 as macro uncertainty and new U.S. tariff threats rattled investors. The drop erased billions from the crypto market cap and pulled most altcoins lower. The move followed headlines on trade tensions rather than any crypto‑specific catalyst.

Retail Fear and Technical Weakness

Google Trends recorded a record rise in searches for “Bitcoin to zero,” signaling heightened anxiety. Spot trading volume collapsed by about 59%, limiting liquidity and amplifying price swings. Technical charts show Bitcoin testing support near $64,000, with the 20‑day moving average at $68,278 and the lower Bollinger Band around $64,098.

Macro Factors and On‑Chain Activity

Weak U.S. housing data, a stronger yen, and expectations of tighter Bank of Japan policy fostered a risk‑off mood. Large holders moved coins to exchanges, a typical sell‑signal, while overall volume stayed low. Ethereum and other major tokens fell 3‑8%, and Vitalik Buterin’s recent ETH sale added supply pressure.

Outlook and Support Levels

Analysts view $60,000 as a critical support zone; a break below could trigger massive liquidations. Recovery above the mid‑$60,000 range may restore confidence, while continued weakness may keep the market range‑bound.