Trump's Trade Policies Hit Crypto Market: Bitcoin Drops to $66,000 Level

Market Impact of Trump's Policies As of February 19, the cryptocurrency market entered a volatile period following U.S.
President Donald Trump's rhetoric on trade policies.
Expectations regarding tariff increases and a narrowing trade deficit have triggered a shift away from risky assets.
Macroeconomic Pressure on Bitcoin According to CoinDesk data, Bitcoin fell as low as $65,900 during the day, causing concern among investors.
After testing the $67,000 level, the leading cryptocurrency is currently attempting to stabilize around $66,445.
The primary driver of this selling pressure is the uncertainty surrounding the new administration's economic policies.
Solana (SOL) lost approximately 2.5% of its value, retreating to the $81 level, while XRP fell by 4% to $1.40.
Investors' search for safe havens has led to high-volume sell-offs in large-cap assets.
Strengthening Dollar and Inflation Expectations Trump's predictions that the trade balance could turn into a surplus and the possibility of expanded tariffs have brought inflationary pressures to the forefront.
The U.S.
trade deficit fell to $29.4 billion in early January, its lowest level since 2009, causing the dollar to strengthen globally.
This situation reinforces expectations that interest rates may remain high for an extended period, increasing the pressure on cryptocurrencies.