Bitcoin Slides Below $65,000 After Trump Tariff Move
Bitcoin Slides Below $65,000 After Trump Tariff Move
SINGAPORE, Feb 23, 2026 — Bitcoin fell more than 5% on Monday, slipping below $65,000 after U.S. President Donald Trump said he would raise global tariffs to 15%, reigniting trade uncertainty and prompting a pullback in risk-sensitive assets.
The world’s largest cryptocurrency dropped to around $64,800 in early Asian trading, extending losses from the previous session. The decline came even as major Asian equity markets edged higher, highlighting crypto’s divergence from regional stocks.
Trump’s announcement followed a U.S. Supreme Court ruling that curtailed his use of emergency powers to impose reciprocal tariffs. The president said he would instead pursue a blanket 15% tariff to maintain protective trade measures.
Market participants said renewed trade tensions and policy uncertainty triggered volatility across digital assets, which often react sharply to macroeconomic shocks and shifts in global liquidity conditions.
Bitcoin has traded in a broad range in recent months after rallying strongly earlier in the year on expectations of looser global monetary policy and increased institutional adoption. However, analysts note that cryptocurrencies remain sensitive to swings in investor sentiment and U.S. policy signals.
The U.S. dollar weakened modestly after the tariff developments, while gold extended gains as investors sought traditional safe-haven assets.
