Bitcoin fell more than 5% on Monday, dropping below $65,000 after US President Donald Trump announced plans to raise global tariffs to 15%. The decline came despite gains in Asian stock markets, showing a difference in movement between cryptocurrencies and equities during renewed trade uncertainty.
Bitcoin was last trading near $64,800, down around 5%. The cryptocurrency has been under pressure for months. Since crossing $125,000 in October last year, prices have fallen sharply. Bitcoin is down about 26% this year and nearly 47% from its October high.
Market analysts said the new tariff announcement increased investor caution. Some believe traders are selling crypto assets due to concerns about wider market weakness.
Experts also pointed to geopolitical tensions in the Middle East, including a growing US military presence near Iran, as another factor creating uncertainty in global markets.
Ether, the second-largest cryptocurrency, also declined nearly 6% to around $1,865.
Meanwhile, gold prices rose about 1.5%, reflecting increased demand for traditional safe-haven assets.
Analysts say low market confidence and weak liquidity are contributing to the downturn. Some expect further price pressure in the short term before stability returns.
