Bitcoin fell below 65,000 dollars on Monday following Donald Trump's announcement of increased global tariffs to 15 percent. The cryptocurrency, which has historically enjoyed Trump family support, declined despite strength in Asian equity markets during early trading. This divergence highlights growing uncertainty surrounding tariff escalation and its market impact. Bitcoin has faced significant headwinds recently, dropping below 70,000 dollars in early February, marking levels unseen since November 2024. The world's largest cryptocurrency has lost 26 percent of its value year-to-date and trades more than 47 percent below its October peak of 125,000 dollars. Market analysts suggest that sudden tariff increases are prompting investors to sell crypto assets amid fears of broader market correction.
