Trump's Tariff Move and Middle East Tensions Hit Bitcoin: Price Drops Below $65,000

Selling Pressure in the Markets U.S.
President Donald Trump's moves to increase global tariffs and escalating military tensions in the Middle East have led to a sharp decline in cryptocurrency markets.
Bitcoin, the leading cryptocurrency, fell below the $65,000 mark for the second time this month, dropping as low as $64,300 during the day.
As of 11:30 AM, Bitcoin is attempting to stabilize around the $65,660 level, recovering some of its losses.
Supreme Court ruled that President Trump's use of emergency powers to implement tariffs was unlawful.
However, Trump's announcement that he would increase the previously declared 10% global tariff to 15% deepened economic turbulence in global markets.
Following this development, S&P 500 futures lost 0.8%, while Nasdaq 100 contracts fell by 1%.
Middle East Tensions and the Search for Safe Havens Military activity in the region has been another critical factor weighing on the markets.
The buildup of U.S.
military forces around Iran and Trump's ambiguous statements regarding a potential military intervention have driven investors away from risky assets.
During this period, while Bitcoin—often described as "digital gold"—lost value, spot gold prices rose by over 1%, driven by safe-haven demand.
Analyst Evaluations and Technical Levels Analysts point out that the market remains fragile.
Caroline Mauron from Orbit Markets stated that investors are relying on the $60,000 support level, but macro uncertainties could test this level again.
Jeff Mei, an executive at BTSE, noted that the sudden increase in tariff rates and the risk of regional conflict pushed investors to sell.
Meanwhile, Markus Thielen from 10x Research argued that the decline stems from weak liquidity and low investor conviction.
Institutional Interest and ETF Outflows As the crypto market experienced a total value loss of over $2 trillion, institutional investors are also observed to be pulling back.
U.S.-listed spot Bitcoin funds recorded a total net outflow of $3.8 billion for the fifth consecutive week, marking the longest streak of outflows since February of last year.
Bitcoin has lost approximately 47% of its value since its peak in October, and liquidity issues continue to impact the overall market.