Bitcoin falls below $65,000 in latest bout of tariff uncertainty
Synopsis
Bitcoin and other cryptocurrencies experienced a significant slide in early Asian trade, with Bitcoin dropping nearly 4.8% to $64,300. This decline is attributed to renewed nervousness surrounding US tariffs and broader macroeconomic uncertainty, including geopolitical tensions. Analysts are watching the $60,000 support level closely, while a reclaim of $70,000 is needed for bulls to regain control.
Bitcoin slid in early Asia trade on Monday, roiled by fresh nervousness over the status of US tariffs.
The original digital asset slid as much as 4.8% to nearly $64,300, its lowest since Feb. 6. Other tokens fared worse, with Ether, the second-largest token, retreating 5.2%.
The losses come after US officials on Sunday said trade deals already negotiated with partners remain in place, despite a Supreme Court ruling that struck down President Donald Trump’s use of emergency authority to impose tariffs.
Crypto TrackerTOP COINS (₹) Tether91 (0.05%)Bitcoin5,876,417 (-4.55%)XRP122 (-5.43%)BNB53,279 (-5.51%)Ethereum168,699 (-5.54%)In a social-media post on Saturday, Trump said he would increase the global 10% tariff he announced one day earlier to 15%, stirring up more economic turbulence. The dollar and US stock futures dropped in early Asia trading.
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View Details »“The crypto market continues to be fragile, with market participants counting on support at $60,000,” said Caroline Mauron, co-founder of Orbit Markets. “Macro uncertainty is now weighing on the market, from Iran geopolitical tensions to US tariffs whiplash, and may lead to another test of that level.”
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Rachael Lucas, an analyst at BTC Markets, said $65,000 is a key support level for Bitcoin.
“A decisive break below that brings $60,000 into play,” she said. “To the upside, bulls need to reclaim $70,000 to shift the narrative.”
