Sharp Decline in Crypto Market: Bitcoin Drops Below $65,000

Risk Aversion Hits the Markets U.S.
President Donald Trump's announcements regarding new customs tariffs and growing concerns over U.S.-Iran tensions have prompted investors to move away from risky assets.
The total value of the global cryptocurrency market fell by 4.5% to $2.29 trillion as losses accelerated for both Bitcoin and altcoins.
Deepening Losses in Bitcoin and Altcoins Bitcoin lost approximately 5% during the day, retreating from the $68,000 level to as low as $64,435.
With this decline, the psychological support level of $65,000 was broken to the downside.
A broad sell-off was also observed in the altcoin market.
XRP, BNB, Dogecoin, and Bitcoin Cash lost between 5% and 6%, while Solana dropped approximately 9% to $77.
This sharp volatility led to the liquidation of $464 million in positions in the futures market.
The Crypto Fear and Greed Index, which measures market sentiment, retreated into the "extreme fear" zone.
Primary Drivers: Tariffs and Geopolitical Risks Donald Trump's new global tariffs are cited as one of the main reasons for the decline.
The possibility of an additional 10% tariff in the U.S.
rising to 15% in a short period has triggered concerns that global growth could slow and inflationary pressures could increase.
Investors fear a repeat of previous scenarios where tariffs on China caused sharp drops in the crypto market.
Furthermore, escalating military tensions between the U.S.
and Iran reinforced the selling pressure.
The strengthening of the U.S.
military presence in the Persian Gulf and the possibility of military intervention have heightened geopolitical risks.
In this environment of uncertainty, investors are reportedly turning to traditional safe havens like gold instead of cryptocurrencies.