Crypto markets have tanked once more, with Bitcoin dropping greater than $3,000 in an hour or so, wiping out all weekend positive aspects.
Donald Trump has been on the tariff warpath once more, imposing a 15% world tariff after the Supreme Court docket discovered on Friday that his sweeping tariffs exceeded his authority.
“In the meantime, geopolitical tensions stay elevated between the US and Iran, with oil markets on edge,” commented the Kobeissi Letter.
Financial Occasions Feb. 23 to 27
Markets are already digesting the newest spherical of tariffs along with the elevated geopolitical tensions within the Center East, with crypto markets tanking 4% on Monday morning.
Tuesday will see the discharge of February’s Shopper Confidence information, which sheds gentle on shopper sentiment and potential spending patterns. Sentiment fell to its lowest stage since 2014 in January as individuals have been largely involved about employment circumstances throughout the first month of the brand new yr.
Thursday will see preliminary jobless claims, which paint a transparent image of pressures on the labor market, one of many Federal Reserve’s two mandates for financial coverage. Friday will see the discharge of the January Producer Worth Index (PPI), which is a measure of wholesale Inflation, the Fed’s different mandate. Nonetheless, it’s unlikely to maneuver the Fed off its wait-and-see strategy.
Key Occasions This Week:
1. Markets React to Trump’s 15% International Tariff – Monday
2. February Shopper Confidence information – Tuesday
3. Nvidia, $NVDA, Stories Earnings – Wednesday
4. Preliminary Jobless Claims information – Thursday
5. January PPI Inflation information – Friday
6. Whole of 11 Fed…
— The Kobeissi Letter (@KobeissiLetter) February 22, 2026
Wednesday’s Nvidia earnings report might additionally rattle the AI sector if demand for the agency’s chips seems to be waning, although that is unlikely.
Crypto Markets Tank Once more
A pink Monday morning has seen whole capitalization erase weekend positive aspects with a 4% decline to $2.31 trillion. Bitcoin tanked from $67,600 to simply beneath $65,000 in a few hours and stays across the $65,000 stage on the time of writing.
The asset is now down greater than 5% on the week and at help on the backside of its range-bound channel. Ether costs noticed comparable losses, tanking to $1,860, its lowest stage since February 6. In the meantime, altcoins proceed to bleed out with bigger losses for Solana, Cardano, Hyperliquid, and Chainlink.
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