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- Rizwan Ansari
Rizwan Ansari
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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Feb 23, 2026 06:35 UTC
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Top 4 Reasons Why Bitcoin Price Is Down Today?
Crypto market drops 4% to $2.23T as Bitdeer sells 943 BTC, tariff fears rise, and $466M in liquidations accelerate panic across altcoins.
Bitcoin leads crash below $66K amid Bitdeer BTC sale, Trump tariff shock, and massive liquidations, triggering sharp losses in ETH, SOL, and XRP.
The crypto market is crashing today as fear spreads quickly among investors. After, the global crypto market cap dropped to $2.23 trillion, falling more than 4% in just 24 hours.
Bitcoin is leading the crash as the Fear and Greed Index has dropped to 14, showing extreme fear.
So, here are the top 4 reasons why the crypto market is crashing today.
Bitdeer’s Bitcoin Sale Led Crypto Market Crash
One major reason behind today’s crypto market crash is the sudden decision by Bitcoin mining company Bitdeer to sell its entire Bitcoin holdings. The company sold 943 Bitcoin from its reserves along with newly mined coins.
After this sale, Bitdeer Holding went to zero BTC.
Similarly, Ethereum co-founder Vitalik Buterin began to sell part of his Ethereum holdings. He recently withdrew 3,500 ETH worth nearly $7 million and sold part of it.
Over the past few weeks, he has sold more than 7,000 ETH worth around $15.5 million.
Trump 15% Tariff Creates Global Panic
Another reason behind today’s crypto market crash is rising fear over new U.S. trade tariffs. On 21st Feb, Donald Trump announced plans to increase global tariffs from 10% to 15%, which increased selling across risk assets like crypto.
This decision came after the Supreme Court of the United States ruled 6–3 that Trump had overstepped his authority when he introduced broad global tariffs last year.
In response, Trump criticized the court’s decision and said his administration decided to raise tariffs after reviewing what he called a “ridiculous and anti-American” ruling.
$466 Million Liquidations Make the Crash Worse
Heavy long liquidations played a major role in today’s crypto market crash. In the last 24 hours, more than 136,000 traders lost their positions, with total liquidations reaching over $466 million.
Selling pressure increased after Bitcoin fell below the key $66,000 support level. This triggered panic and pushed long liquidations sharply higher to $433.65 million.
Altcoins See Bigger Losses
Bitcoin, the world’s largest cryptocurrency, fell nearly 5% and dropped to around $64,375. Once Bitcoin started to drop, the rest of the crypto market followed.
Altcoins suffered heavier losses than Bitcoin. Ethereum (ETH) fell 5.5% and dropped below $1,870, while Solana (SOL) dropped to $77. XRP price also fell to $1.33.
Other major altcoins like TRON (TRX), Chainlink (LINK), Cardano (ADA), and Dogecoin (Doge) recorded bigger losses, falling between 6% and 10%, showing strong selling pressure across the altcoin market.
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FAQs
Crypto is falling due to large BTC and ETH sales, new U.S. tariff fears, and $466M in liquidations that accelerated panic selling.
Bitdeer sold 943 BTC, adding sudden supply pressure. Large treasury sales often shake sentiment and spark short-term volatility.
When BTC lost $66K support, leveraged longs were forced out. Over $466M in liquidations intensified the selloff quickly.
Altcoins carry higher risk and lower liquidity. During fear phases, traders exit smaller coins faster than BTC.
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