US Trade Policies Hit Bitcoin: Price Drops to $64,000 Level

Trade Policy Uncertainty Pressures Prices The cryptocurrency market began the week with high volatility, driven by uncertainties regarding US tariff decisions and trade policies.
Following the US Supreme Court's decision to overturn Donald Trump's emergency tariff authority, statements from US officials confirming the validity of existing trade agreements led to market confusion.
Trump's decision to increase global tariffs from 10% to 15% triggered sharp price movements in risk assets.
Following these developments, the leading cryptocurrency, Bitcoin, experienced a sharp decline, falling from the $67,600 level to as low as $64,416.
Millions of Dollars in Positions Liquidated The sudden pullback brought about intense liquidations in the futures market.
According to market data, a total of $434.18 million in long positions and $44.22 million in short positions were liquidated.
The speed of the selling pressure was further deepened by the impact of leveraged positions.
Altcoins and ETF Outflows The decline in Bitcoin spread across the general market.
While Bitcoin attempted to stabilize around the $65,525 level, Ethereum was trading at $1,878, XRP at $1.36, and Solana at $78.79.
Weakness was also observed on the institutional side; last week, net outflows of $315.86 million were recorded from Bitcoin ETFs, while Ethereum ETFs saw outflows of $123.37 million.
Analysts state that the cryptocurrency market remains sensitive to global political headlines and sudden shifts in risk perception.
Developments regarding trade policies are expected to continue being a decisive factor in pricing in the short term.