2026-02-17 23:00 UTC | ⛏️ 937146

₿ $67,495 | 🥇 $4,868

1. Bitcoin Drops 47.5% Peak-to-Trough
-- Bitcoin fell roughly 47.5% from peak with prices in mid-$60,000s amid rapid deleveraging, $3-4B liquidations, and trading -2.88σ below 200-day average for first time in 10 years.
-- Signals extreme market stress without structural failure, potentially setting up mean reversion absent new catalysts.

2. Supreme Court Tariff Ruling Imminent
-- US Supreme Court poised to rule February 20 on Trump tariffs under IEEPA, covering 29% of imports including on Canada, Mexico, China at 16.9% effective rate.
-- Could halt collections, trigger refunds to importers boosting retail sales especially discretionary categories, easing $1,751 annual household costs.

3. Crypto Markets Consolidate Post-Selloff
-- Bitcoin at $68,362 down 0.74%, Ethereum $1,981 down 0.85% on February 17 amid ongoing February declines over 47% BTC, 60% ETH.
-- Awaits Supreme Court tariff ruling Friday for volatility; European BTC ETFs see inflows despite selloff, signaling resilience.

4. Global Markets Cautious Ahead Data
-- European equities slightly up, Asia mixed, USD firmer; S&P 500 lower, TSX higher on gold as investors eye FOMC minutes, PCE inflation.
-- Businesses cautiously optimistic per Fed's Daly; focus on inflation cooling for rate cut hopes amid tariff uncertainty.