Tariff Shock in the Crypto Market Bitcoin began the week with a sharp decline following U.S.
President Donald Trump’s announcement of a plan to raise global customs tariffs to 15%.
The cryptocurrency lost more than 5% of its value on Monday, falling below the critical $65,000 mark.
Negative Divergence in Markets This decline in the cryptocurrency occurred while Asian stock markets recorded gains in early trading.
This situation highlighted a negative divergence of crypto assets from regional equity markets amid the uncertainty surrounding increased customs tariffs.
Performance Moving Away from the Peak Bitcoin, which broke its historical record by exceeding $125,000 in October of last year, has remained under intense selling pressure since then.
Current data shows that Bitcoin has declined by more than 47% in total since its peak in October.
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Bitcoin Drops Below $65,000 Following Trump's Tariff Plan
Bitcoin fell more than 5% to drop below the $65,000 threshold after U.S. President Donald Trump announced plans to increase global tariffs to 15%.
Sources
- Analiz Gazetesi · baglanti