US Tariff Decision Hits Bitcoin: Price Drops Below $65,000

Tariff Decision and Market Selling Pressure US President Donald Trump's decision to increase tariffs to 15 percent, despite objections from the Supreme Court, has triggered widespread uncertainty in global financial markets.
As risk appetite diminished, sharp sell-offs were observed in the cryptocurrency markets.
Bitcoin, the leading cryptocurrency by market capitalization, fell below the $65,000 level for the first time since February 6.
Current Status of Bitcoin and Economic Uncertainties Bitcoin, which retreated to as low as $64,250 during the day, is attempting to stabilize around the $65,500 level as of 09:45 TSI.
With daily losses approaching 3 percent, analysts point to the new tariffs, potential tax refunds, and possible retaliatory moves from other countries as the primary reasons for the market pressure.
Furthermore, US economic data supporting expectations of a stronger dollar is deepening the pressure on crypto assets.
Technical Levels and Critical Support Points Technical analysis indicates that the 5-day moving average at the $68,000 level is the first significant resistance point for Bitcoin.
Above that, the $71,000 level is considered a critical threshold.
Should the retreat continue, the $59,930 level tested in early February will be monitored as the main support point.
Experts emphasize that the $60,000 level remains a critical psychological boundary for the market.