Bitcoin Drops Below $65,000 Following Trump's Tariff Plan

Market Divergence and Sharp Decline Bitcoin lost more than 5% of its value on Monday, falling below $65,000 after U.S.
President Donald Trump announced a plan to raise global tariffs to 15%.
This decline occurred even as Asian stock markets recorded gains in early trading, highlighting a divergence between digital assets and regional equity markets.
Performance Since Historical Peak After reaching a record high of over $125,000 in October last year, Bitcoin has been under intense selling pressure.
The world's largest cryptocurrency has lost 26% of its value since the beginning of the year and more than 47% since its peak in October.
Geopolitical Risks and Tariff Concerns Jeff Mei, Chief Operating Officer of global blockchain technology firm BTSE, stated that the expectation of a sudden increase in tariffs has led investors to sell due to fears of a deeper market downturn.
Mei also noted that U.S.
military activity around Iran has increased the risk of regional conflict, triggering concerns about global trade flows and unsettling investors.