This morning, Bitcoin fell 4.8% to $64,300, its lowest level since February 6. Other tokens also experienced similar declines, such as Ether, which fell 5.2%.
This price decline occurred after US President Donald Trump announced plans to raise global tariffs. After announcing a 10% global tariff, Trump announced a new tariff rate of 15% on Saturday.
The uncertainty surrounding these tariffs has triggered economic turmoil. The impact is not only seen in crypto markets such as Bitcoin and Ether. The value of the US dollar and stocks also fell. S&P 500 stock futures fell 0.8%, while the Nasdaq 100 fell 1%.
“The crypto market continues to be fragile, with market participants counting on support at $60,000,” explained Caroline Mauron, co-founder of Orbit Markets, as quoted by Bloomberg. “Macro uncertainty is now weighing on the market, from Iran geopolitical tensions to US tariffs whiplash.”
Bitcoin reached a new all-time high in October 2025. Hopes for a more crypto-friendly second term for Trump pushed Bitcoin prices to $126,000. However, a mass sell-off occurred shortly thereafter, and the digital asset has continued to fluctuate since then.
Spot Bitcoin ETFs also recorded net outflows for five consecutive weeks. This is the longest outflow since February last year, when $3.8 billion in funds were withdrawn.
Meanwhile, in the past 24 hours, CoinGecko recorded the global crypto market losing 2.9% in value.
Bitcoin's value fluctuations present both challenges and opportunities for crypto traders. Want to start trading Bitcoin? Learn trading strategies for beginners in the article 5 Effective Crypto Day Trading Strategies for Beginners.
