The post Bitcoin price loses $65K as Trump tariffs loom, will it crash under $60K next? appeared on BitcoinEthereumNews.com.

Bitcoin price has lost the $65,000 psychological support level as investors remain wary of the impact of new U.S. global tariffs on trade. Summary Bitcoin price lost the $65,000 psychological support level on Monday. Trump’s new tariffs and U.S.-Iran war concerns are keeping investors at bay from risky assets. A confirmed bearish double top pattern puts more downside pressure on Bitcoin’s price. According to data from crypto.news, Bitcoin (BTC) price fell roughly 5% from its Monday high of $66,465 to an intraday low of $62,952, extending losses to 35% from its yearly high. The price tanked amid market uncertainty ahead of the latest 10% tariffs on all nations for a 150-day period unless exempted. This comes after the administration rerouted its strategy under Section 232 after the U.S. Supreme Court blocked previous trade actions. While the current 10% rate comes lower than the 15% feared earlier, the Trump administration is working to raise the figure to 15% through a separate order that the President would need to sign. Investors have a clear memory of how previous U.S. tariffs on key trading partners led to significant volatility in the crypto market. Following the 145% tariff hike against China implemented in April 2025, the total crypto market cap fell by 20% to $1.8 trillion within two months. Bitcoin has historically borne the greatest brunt from such geopolitical friction. Aside from the tariff drama, another key concern lowering investor appetite is the potential for a U.S.-Iran war. Reports reveal that the U.S. is preparing for military action, while the President himself has threatened to launch an attack on Iran within 10 days through a Truth Social post on Thursday, Feb. 19. Bitcoin has so far failed to maintain its status as a safe-haven asset. It has remained in a downtrend since the beginning…

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Filed under: News - @ February 24, 2026 8:26 am