Bitcoin falls below $65,000 as Trump tariff moves raise uncertainty

2026-02-23 02:20:20

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Bitcoin fell more than 5% to below $65,000 on Monday after U.S. President Donald Trump announced plans to raise global tariffs to 15%.

The drop came as Asian equities rose in early trade, underscoring crypto’s divergence from regional stock markets amid renewed tariff uncertainty.

Bitcoin has seen a sharp sell-off since October last year when it crossed $125,000, with the downturn extending into the new year. The world’s largest cryptocurrency is down 26% so far this year and has lost over 47% since the October high.

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