Bitcoin Drops Below $65,000: US Tariff Uncertainty Rattles Markets

Selling Pressure in the Crypto Market Increasing uncertainties regarding customs tariffs in the United States have led to a sharp retreat in cryptocurrency markets.
During the Asian trading session, Bitcoin lost value and fell below the critical $65,000 level.
The sell-off spread across the broader market, with Ether, the second-largest cryptocurrency by market capitalization, losing 5.2% of its value.
Supreme Court Ruling and Trade Policies The market volatility was triggered by the U.S.
Supreme Court's decision to invalidate tariffs that President Donald Trump sought to implement using emergency powers.
Although officials stated that existing trade agreements would continue, legal uncertainties dampened investor appetite.
While crypto assets declined, Asian stock markets rose by 1%, indicating a divergence in risk appetite across different financial sectors.
Critical Support Levels and ETF Outflows Analysts emphasize that the $60,000 level is a vital support point for Bitcoin.
Caroline Mauron, co-founder of Orbit Markets, noted that geopolitical risks stemming from Iran and shifts in trade policies have increased macroeconomic uncertainty.
Furthermore, U.S.-based spot Bitcoin ETFs saw a net outflow of $3.8 billion last week, marking the longest negative streak since February 2024.
Expectations for a New Growth Narrative Robin Singh, CEO of Koinly, stated that the market requires a new catalyst.
Singh pointed out that the optimism created by regulatory steps like the Clarity Act has not yet been fully reflected in prices, and the current macroeconomic landscape could continue to pressure Bitcoin.
Bitcoin continues to be tested by profit-taking following the peak levels reached after Trump's election victory.