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Bitcoin falls below $65,000 as Trump tariff moves raise uncertainty
Bitcoin fell more than 5% to below $65,000 on Monday after U.S. President Donald Trump announced plans to raise global tariffs to 15%.
The drop came as Asian equities rose in early trade, underscoring crypto's divergence from regional stock markets amid renewed tariff uncertainty.
Bitcoin has seen a sharp sell-off since October last year when it crossed $125,000, with the downturn extending into the new year. The world's largest cryptocurrency is down 26% so far this year and has lost over 47% since the October high.
"We believe that the sudden uptick in tariff rates is causing investors to sell crypto assets in anticipation of a more serious market decline," said Jeff Mei, COO at global blockchain technology company BTSE.
BTC, ETH, DOGE price news: Bitcoin drops to $67,000 as Trump's tariff tentions return
Bitcoin slid back toward $67,000 in Sunday trading as trade uncertainty resurfaced, with investors weighing fresh tariff escalation against a shifting legal backdrop in the U.S.
BTC was trading around $67,526, down about 1.4% over the past 24 hours and roughly 2.1% on the week. The move follows President Donald Trump’s decision to raise the worldwide tariff rate to 15% from 10%, despite a recent Supreme Court ruling that invalidated earlier emergency trade measures.
The court’s decision had briefly appeared to limit Washington’s ability to deploy sweeping tariffs ahead of Trump’s planned March 31 visit to Beijing. Instead, the administration responded by lifting the global rate, keeping pressure on trade partners even as the legal footing remains contested.
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