Bitcoin has plunged 5% to trade below $65,000 following President Trump's announcement of increased global tariffs from 10% to 15%. The cryptocurrency fell to $64,922 on Monday as Asian markets reacted to the policy shift. Ethereum declined 5% while major altcoins including XRP, BNB, Solana, and Dogecoin dropped approximately 8%. The broader crypto market capitalization decreased 4% to $2.23 trillion. Analysts attribute the decline to risk-off sentiment triggered by tariff uncertainty and continued ETF outflows. On-chain data reveals over 136,000 traders were liquidated totaling $458 million, with 92% being long positions. Market sentiment has turned extremely fearful as funding rates soften and the Fear and Greed Index signals caution.
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