Bitcoin Drops Below $65,000: Trump's Tax Policy and Geopolitical Risks Hit the Market

Global Trade Wars and Tax Concerns Bitcoin has fallen below the $65,000 threshold, reaching its lowest level in two weeks as concerns over rising global customs duties impact international markets.
President Donald Trump's announcement that he would increase the previously stated 10% global tax rate to 15% has triggered a new wave of uncertainty in the economic outlook.
This development has raised questions regarding the future of trade agreements between the United States and its commercial partners, significantly reducing investor risk appetite.
Although senior U.S.
officials have stated that existing trade agreements will be maintained, market anxiety and selling pressure persist.
Geopolitical Risks and Market Data In addition to economic uncertainties, the deadlock in nuclear negotiations with Iran and the possibility of military action are influencing investor decisions.
During this period, Bitcoin and the broader cryptocurrency market failed to show the expected resilience against economic fluctuations, unlike traditional safe-haven assets such as gold.
According to current data, Bitcoin continues to trade around the $64,700 level.
The total value of the cryptocurrency market has retreated to $2.23 trillion following this wave of selling.