Bitcoin Drops Below $65,000: Trade Wars and Geopolitical Risks Hit the Market

Selling Pressure in the Crypto Market Bitcoin has faced significant selling pressure due to global market uncertainties and an increasing perception of risk.
The cryptocurrency tested its lowest levels in two weeks, dropping below the $65,000 mark as investors moved away from risky assets.
President Donald Trump’s rhetoric regarding increased global tariffs.
Trump’s announcement that he would raise the previously stated 10% tariff rate to 15% has heightened concerns about the future of trade relations between the United States and its partners.
Despite statements from high-level officials suggesting that existing agreements would be maintained, market anxiety persists.
Geopolitical Risks and Market Data Investors are closely monitoring the potential for escalating tensions in the Middle East and the Trump administration's possible moves toward Iran ahead of nuclear negotiations in Geneva.
During this period, Bitcoin diverged from traditional safe-haven assets like gold, losing value and retreating to approximately $64,700.
The total market capitalization of the cryptocurrency market has subsequently declined to $2.23 trillion.