Trump's Tariff Plan Hits Bitcoin: Price Drops Below $65,000

Tariff Uncertainty Pressures Markets Bitcoin began the week with a sharp decline following U.S.
President Donald Trump’s announcement of a plan to raise global tariffs to 15%.
The leading cryptocurrency lost more than 5% of its value on Monday, pulling back below the $65,000 level.
Performance Moving Away from the Peak Bitcoin, which reached a historic peak by exceeding $125,000 in October of last year, has been unable to escape the ongoing selling pressure since then.
The asset has lost 26% of its value since the beginning of the year and has retreated more than 47% from its record level in October.
Geopolitical Risks and the Shift to Cash Jeff Mei, Chief Operating Officer at BTSE, stated that sudden tariff increases have led investors to expect a deeper market correction.
According to Mei, investors are closing their crypto positions to hedge against risk.
Furthermore, U.S.
military activity around Iran and rising geopolitical tensions are triggering global trade concerns, driving investors toward cash assets seen as safe havens.