Trump's 15% Tariff Plan Hits Crypto Market: Bitcoin Drops to $64,000

Global Trade Concerns Hit Crypto Market U.S.
President Donald Trump’s plan to increase global tariffs to 15% has triggered a widespread sell-off in the cryptocurrency markets.
Following the opening of Asian markets, Bitcoin (BTC) fell to $64,338, marking its lowest value since February 6.
The market decline was not limited to Bitcoin; Ether (ETH) also saw a 4.33% drop, retreating to the $1,865 level.
This decline reflects a decrease in risk appetite among investors and growing concerns over global trade wars.
Analysts Warn of Liquidity and Geopolitical Risks Jeff Mei, Chief Operating Officer at BTSE, stated that the sudden hike in tariffs prompted investors to sell in anticipation of a deeper decline.
Mei also pointed out that U.S.
military movements around Iran and uncertainties regarding global trade flows have increased market anxiety.
Markus Thielen, Head of Research at 10x Research, emphasized that the decline cannot be attributed to a single cause, noting that weak liquidity and a low-confidence environment have been decisive in price movements.
According to Thielen, macroeconomic pressures are deepening the selling pressure on crypto assets.
Critical Support Levels and Market Expectations Bitcoin has lost 26% of its value since the beginning of the year and more than 47% since its peak in October.
Analysts predict that the $65,000 level is a critical support point; if the price remains below this level, the $60,000 range could come into play.
The initial positive expectations surrounding Trump’s second term have been replaced by a cautious wait-and-see approach as prices remain below target levels.
Market participants are closely monitoring the implementation process of the tariffs and the long-term reaction of global markets to this move.