Bitcoin Drops Below $65,000: Trump's Tariff Plan and Geopolitical Risks Hit Markets

Trump's Tariff Move Rattles Markets U.S.
President Donald Trump announced that he will increase the previously planned 10% global tariff rate to 15%, following the U.S.
Supreme Court's rejection of comprehensive reciprocal tariffs.
This move has created uncertainty in the global economic outlook, leading to significant selling pressure in the cryptocurrency markets.
Despite statements from senior U.S.
officials that existing trade agreements will be maintained, distrust among investors persists.
Concerns that agreements with trade partners could be disrupted have accelerated the exit from risky assets.
Geopolitical Tensions and the Search for Safe Havens In addition to economic uncertainties, the deadlock in nuclear negotiations in Geneva and allegations of potential military action against Iran have heightened market tensions.
While gold maintained its value during this period of increased geopolitical risk, Bitcoin and other crypto assets failed to show the expected resilience and lost value.
Current State of the Cryptocurrency Market With the recent decline, Bitcoin retreated to the $64,700 level, marking its lowest point in the last two weeks.
Following this drop, the total cryptocurrency market capitalization fell to $2.23 trillion.
Analysts predict that the pressure on markets from global trade policies and developments in the Middle East may continue for some time.