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

Global Trade Wars and the Crypto Market U.S.
President Donald Trump’s announcements regarding raising global tariffs to the 15% level have sparked widespread volatility across financial markets.
As concerns over reignited trade wars dampen risk appetite, cryptocurrencies began the week with sharp declines.
Bitcoin, the largest cryptocurrency by market capitalization, fell by more than 5% on the first trading day of the week, retreating below the $65,000 threshold.
Sharp Retreat from Record Highs Bitcoin reached a historic record by climbing above $125,000 last October.
However, the selling pressure that began after this peak has continued to deepen into the early period of the new year.
According to current data, Bitcoin has lost 26% of its value since the beginning of the year and has declined by more than 47% compared to its record level in October.
These figures highlight that crypto assets are decoupling negatively from equity markets in the current environment of uncertainty.
Geopolitical Tensions Triggering Sell-offs Jeff Mei, Chief Operating Officer of global blockchain technology firm BTSE, stated that the expectation of a sudden increase in tariffs lies at the root of the market decline.
Mei noted that investors are tending to move into cash due to fears of a deeper market crash.
Furthermore, U.S.
military activity around Iran and the possibility of regional conflicts threatening global trade flows stand out as other critical factors increasing anxiety among investors.