Bitcoin Slips Below $65K Amid Tariff Jitters

Bitcoin briefly fell below $65,000 on Monday as renewed uncertainty over U.S. trade policy rattled global markets. The world’s largest cryptocurrency dropped as much as 4.8% to around $64,300—its lowest level since early February—before recovering to trade above $66,300 in New York. Ether, the second-largest token, declined up to 5.2%, hovering near $1,915.

The volatility followed fresh confusion around U.S. tariffs after the Supreme Court struck down President Donald Trump’s use of emergency powers to impose sweeping levies. While officials said existing trade agreements remain intact, Trump announced plans to raise a recently introduced global tariff from 10% to 15%, heightening macroeconomic uncertainty.

Risk assets reacted swiftly. The dollar weakened, U.S. stock futures fell, and crypto markets shed nearly $100 billion in value within 24 hours. Analysts say Bitcoin’s $65,000 level remains critical support, with $60,000 emerging as the next downside threshold if selling intensifies.

The broader digital asset market continues to struggle. After reaching a record above $126,000 last October amid pro-crypto optimism, Bitcoin has since retraced sharply. Spot Bitcoin ETFs recorded five consecutive weeks of outflows totaling $3.8 billion, underscoring investor caution.

Market participants now await a new catalyst, as geopolitical tensions and trade-policy shifts keep crypto sentiment fragile.