Bitcoin Reclaims $68,000 Despite Tariff Shock, Now Is the Real Opportunity

▲ Bitcoin (BTC)

Bitcoin (BTC) has demonstrated remarkable resilience, reclaiming the $68,000 level despite the Trump administration’s sudden tariff shock, while Ethereum Classic surged more than 15% in a single day to lead a rally in the altcoin market.

According to a report published on February 21 (local time) by cryptocurrency media outlet CryptoPotato, Bitcoin overcame volatility stemming from legal disputes and policy shifts in the United States surrounding the tariff policy and regained the $68,000 mark. After the U.S. Supreme Court ruled that some of President Donald Trump’s tariff measures were unconstitutional, Trump responded immediately by imposing an additional 10% universal global tariff on top of existing duties. Following the news, Bitcoin plunged by $2,000 within minutes but swiftly recovered those losses and reclaimed the $68,000 level.

Bitcoin’s market capitalization surpassed $1.36 trillion, with its dominance in the overall digital asset market reaching approximately 56.5%. In the altcoin market, Ethereum Classic (ETC) stood out with a sharp rally, soaring about 16% in a single day to around $9.70, marking the strongest performance among major assets. The surge contrasted with large-cap altcoins, which posted gains of less than 1%.

Other major altcoins showed mixed performances depending on market cap rankings. Near Protocol (NEAR) posted a strong gain of around 8%, while Polkadot (DOT) and Uniswap (UNI) also outperformed the market’s average returns. Filecoin (FIL) and Arbitrum (ARB) joined the rally, adding momentum to Bitcoin’s recovery. Meanwhile, Ethereum (ETH) struggled below the $2,000 level, and XRP fluctuated around $1.45.

The total cryptocurrency market capitalization surpassed $2.4 trillion again, reaching $2.415 trillion and extending the positive momentum seen over the weekend. Major assets by market cap, including Solana (SOL) and Tron (TRX), posted modest gains of around 1%, contributing to overall market stabilization. Investors are closely watching the market’s unusually swift recovery despite sharp shifts in macroeconomic policy, analyzing the potential for further upside.

After defending the $65,000 support level last week, Bitcoin attempted to break through $71,000 but experienced heightened volatility during weekday trading sessions. Its successful absorption of the latest tariff turmoil and renewed upward trajectory are viewed as evidence of the market’s solid underlying strength. With the total market capitalization reclaiming $2.4 trillion, signs are emerging that buying pressure may spread across the broader altcoin sector.

Disclaimer: This article is for investment reference only and does not assume responsibility for any investment losses incurred based on it. The content should be interpreted for informational purposes only.