Bitcoin falls below $65,000, dropping over 5%, after Trump raises global tariffs to 15%

• Bitcoin fell from approximately $68,410 to below $65,000, representing a loss of over $3,800 per coin
• The cryptocurrency decline coincided with Trump's announcement of a 15% global tariff increase, creating broader market uncertainty
• The sell-off demonstrates Bitcoin's sensitivity to macroeconomic policy changes and its correlation with risk-off sentiment in financial markets

Summary

Bitcoin experienced a sharp decline, falling more than 5% to below $65,000 on Monday following President Donald Trump's announcement of plans to raise global tariffs to 15%. The cryptocurrency traded at $64,590.62, down $3,819.62 (-5.58%) as of 8:58 PM EST.

Key Market Impact:

The tariff announcement significantly rattled risk sentiment across markets, triggering a selloff in Bitcoin and other risk assets. Cryptocurrencies are often sensitive to macroeconomic policy shifts, and investors appeared to move away from speculative assets in response to the heightened trade tension.

Policy Context:

Trump's decision to increase global tariffs to 15% represents an escalation in trade policy that has broader implications for international commerce and market stability. Such tariff increases typically signal increased economic uncertainty and potential inflationary pressures.

Market Implications:

The sharp drop in Bitcoin reflects growing investor concern about the cryptocurrency's role as a risk-on asset during periods of economic uncertainty. The 5%+ decline demonstrates Bitcoin's continued correlation with broader risk sentiment and macroeconomic policy decisions. This volatility may prompt traders to reassess their positions in digital assets as global trade tensions intensify.

The breaking nature of this news suggests markets are still digesting the tariff announcement, with potential for continued volatility across both traditional and crypto markets as investors evaluate the economic impact of Trump's trade policy shift.