Bitcoin Drops Below $65,000 Mark: Sharp Sell-off Hits Crypto Market

Risk-Off Wave in the Markets The cryptocurrency market started the week with a sharp retreat under the shadow of global economic uncertainties and rising geopolitical tensions.
Bitcoin, the leading cryptocurrency, slipped below the critical support level of $65,000, experiencing a loss of over 5% during the day.
This decline in Bitcoin deepened the selling pressure in altcoin markets, which have lower liquidity, leading to much sharper price movements.
The decrease in investor risk appetite has resulted in a widespread downturn across the market.
Macroeconomic Pressures and Trade Wars One of the primary reasons behind the selling pressure is the U.S.
plan to increase global trade tariffs to 15%.
Expectations of rising trade costs and an economic slowdown are pushing investors away from risky assets toward more cautious positions.
Industry representatives state that concerns over sudden tariff increases and military activity in the Middle East could negatively impact global trade, triggering chain sell-offs in crypto assets.
Technical Outlook and Critical Levels Bitcoin falling below $65,000 represents the breach of a technically and psychologically critical threshold.
With pullbacks exceeding 26% since the beginning of the year and over 47% from the last peak, the contraction in investor appetite is clearly evident.
While the possibility of a permanent recovery in the market is predicted to be limited until macroeconomic data and geopolitical developments become clearer, it is noted that potential softening messages regarding tariffs could bring quick rebound purchases.