Sharp Sell-off in Crypto Market: Bitcoin Falls Below $65,000

Global Developments Dampen Risk Appetite New customs tariffs announced by U.S.
President Donald Trump and escalating tensions between the United States and Iran have led to a decrease in risk appetite across global markets.
As investors shifted away from risky assets, a broad sell-off was triggered in the cryptocurrency market as of February 23.
Bitcoin Loses Critical Support Level Bitcoin, the market's flagship asset, lost approximately 5% of its value during the day, falling from the $68,000 range to as low as $64,435.
With this decline, the $65,000 support level—considered a critical technical and psychological threshold—was broken to the downside.
Losses Deepen in Altcoins The selling pressure was not limited to Bitcoin and extended to the altcoin market.
Solana experienced a sharp decline of 9%, retreating to the $77 level.
This general market downturn has heightened concerns among investors.
Liquidation Wave in Futures Markets The sudden price retracement brought about large-scale liquidations in the futures market.
A 1.3% decrease in open interest indicates that investors are attempting to minimize risk by closing their existing positions.