Bitcoin's value has been affected by the ongoing trade tensions between the US and other countries. The uncertainty over tariffs has led to increased volatility in the cryptocurrency market.
The price of Bitcoin dropped by 4.8% in early Asia trading on Monday, reaching a low of nearly $64,300. This marks a new low for the digital asset since February 6.
Other cryptocurrencies, such as Ether, have also been affected by the tariff uncertainty. The second-largest token declined by 5.2%, further exacerbating the market's instability.