Last mentioned: 1h ago
Support Breach
Bitcoin drops 4.8% in early Asian trade, falling below the $65,000 psychological floor to $64,300.
Tariff Rhetoric Intensifies
New reports on aggressive tariff implementation plans begin circulating in financial circles.
Consolidation Phase
Bitcoin trades steadily near $68,900 as markets await trade policy clarity.
Bitcoin has plummeted below the critical $65,000 threshold, erasing months of post-election gains as investors flee risk assets amid escalating global tariff uncertainty. The 4.8% slide in early Asian trading reflects growing anxiety over the macroeconomic impact of protectionist trade policies on global liquidity.
Major cryptocurrencies including Bitcoin and Ethereum saw significant liquidations following President Trump's announcement of a 15% global tariff on U.S. imports. The move triggered a broad 'risk-off' sentiment across both traditional and digital asset markets, with analysts warning of further downside for Bitcoin.
Eric Trump, co-founder of World Liberty Financial, has reaffirmed his long-term bullish outlook for Bitcoin, predicting a $1 million price target despite a significant market correction. Speaking to CNBC, the President's son characterized Bitcoin as the 'asset class of this generation' and emphasized its historical 70% average annual growth over the last decade.