US Tariff Concerns Hit Bitcoin: Price Drops Below $65,000

Sharp Sell-off in Crypto Markets The cryptocurrency market experienced a sharp sell-off following U.S.
President Donald Trump's announcement of plans to increase global tariffs to 15%.
Bitcoin's price fell by more than 5% during Asian trading on the morning of February 23, dropping below the $65,000 threshold.
The world's largest cryptocurrency reached as low as $64,300, marking its lowest level since February 6, with an intraday decline of up to 4.8%.
The selling pressure in the market also affected other digital assets, with Ether, the second-largest by market capitalization, losing 5.2% of its value.
Macroeconomic Uncertainties and Technical Levels The wave of selling occurred despite U.S.
officials confirming that existing trade agreements would remain in effect.
This clarification followed a U.S.
Supreme Court ruling against the use of emergency powers to implement tariffs.
Caroline Mauron, co-founder of Orbit Markets, described the current state of the cryptocurrency market as highly fragile.
Mauron noted that geopolitical tensions in Iran and shocks stemming from U.S.
trade policies have significantly impacted investor sentiment.
Analysts emphasize that the $65,000 level is a critical technical support point for Bitcoin.
It is stated that for market dynamics to turn positive again, buying pressure must push the price back above the $70,000 level.
Bitcoin's recent volatility once again demonstrates that digital assets remain sensitive to political and macroeconomic decisions rather than acting as independent safe havens.