Bitcoin Falls Below $65K as Trump’s Tariff Pivot Sparks Crypto Sell-Off

Bitcoin Slides Below $65,000 Amid Tariff Whiplash

Bitcoin prices tumbled nearly 5% to below $65,000 on Monday, reacting to renewed uncertainty over global trade policies. The sell-off was triggered by President Donald Trump’s weekend announcement that he plans to impose a 15% global tariff on imports. This move came just hours after the U.S. Supreme Court struck down his previous sweeping tariff measures, prompting a quick pivot to alternative emergency executive powers.

The abrupt policy shift rattled investors, driving capital away from risk-on assets like cryptocurrency and toward safe havens like gold. The broader crypto market felt the sting as well, with Ethereum and other major altcoins posting similar losses amid concerns over ETF outflows and ongoing macroeconomic headwinds.