Trump's Tariff Decision Shakes Crypto Market: Bitcoin Drops Below $65,000

Critical Levels for Bitcoin and Ether Cryptocurrency markets faced intense selling pressure following U.S.
President Donald Trump’s announcement of a plan to raise global tariffs to 15%.
During the opening of Asian markets, Bitcoin fell to $64,338.51, marking its lowest value since February 6.
Bitcoin is currently attempting to stabilize at $65,097.66, down 3.7%, while Ether is trading at $1,865.55, a decrease of 4.33%.
As the world’s largest cryptocurrency, Bitcoin has lost 26% of its value since the beginning of the year, with total losses exceeding 47% since its peak in October.
Analysts state that $65,000 is a critical support threshold.
If the price remains below this level, it could target the $60,000 range.
Geopolitical Risks and Trade Concerns Market volatility intensified after the U.S.
Supreme Court revoked Trump’s emergency tariff authority, followed by U.S.
officials confirming the validity of existing trade agreements.
Jeff Mei, Chief Operating Officer at BTSE, noted that the sudden increase in tariffs led investors to sell in anticipation of a deeper decline.
Mei also emphasized that U.S.
military activity around Iran has increased the risk of regional conflict, and concerns regarding global trade flows are fueling investor anxiety.
This situation is accelerating the flight from risky assets, increasing pressure on cryptocurrencies.
Liquidity and Bear Market Expectations Markus Thielen, Head of Research at 10x Research, argued that the decline in Bitcoin cannot be attributed to a single development.
Thielen pointed to weak liquidity and a low-confidence environment, describing the current pullback as a typical bear market phase characterized by low volumes and political uncertainty.
Thielen predicted that prices could drop as low as $50,000 before a permanent bottom is formed in the market.