Renewed trade tensions and global uncertainty push major cryptocurrencies lower, highlighting market fragility
Bitcoin tumbled more than 3% on Monday, slipping below $65,000 as investors reacted to fresh uncertainty over US trade policy and geopolitical tensions. Earlier, the world’s largest cryptocurrency dropped nearly 5% to $64,300, its lowest since February 6. Ether, the second-largest token, fell 3.9% to $1,867.3.
The slide followed US President Donald Trump’s announcement of raising global tariffs from 10% to 15%, sparking fears over the economic outlook despite assurances that prior trade agreements remain intact after a Supreme Court ruling limited his emergency powers.
Asian equities rose in early trading, contrasting with the crypto market, while US stock futures weakened, with S&P 500 and Nasdaq 100 contracts down 0.8% and 1%, respectively. Market analysts note that Bitcoin’s decline reflects broader structural pressures, including low liquidity, a bear-market phase, and rotation of investors into gold and AI stocks.
Bitcoin, which hit a record above $125,000 last October, is down roughly 26% this year and has lost nearly half its value since last October. A break below $65,000 could put $60,000 in focus, while a rebound above $70,000 is needed to restore bullish sentiment.
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