Bitcoin’s mid-week rally to a monthly peak of $67,000 came to a halt as the asset dipped below $64,000, erasing essentially all its recent gains. Spot Bitcoin ETFs had attracted approximately $1 billion over a seven-day period, but investors withdrew over $200 million on Thursday, coinciding with the initial price retracement. BlackRock moved approximately 3,126 BTC, worth around $203 million, from its IBIT ETF wallet to Coinbase Prime for liquidation. President Trump’s tariff threats against the European Union, accusing the bloc of imposing penalties on US companies such as Apple, Meta, and Google, also contributed to the retreat, in a context where historical data shows tariff announcements have significantly impacted BTC.
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