Bitcoin Plunges Below $65K Amid Tariff Fears and Institutional Sell-Offs

Bitcoin's recent price slide is causing concern among investors, with the cryptocurrency plummeting below $65K. According to market data, Bitcoin has dropped almost 5% in the last 24 hours, pushing its market cap down to $1.29 trillion.

The main triggers behind this sudden drop are tariff concerns and institutional sell-offs. Talks of new tariffs on imports from China are making markets nervous, as these could raise costs for goods and slow global trade. Bitcoin is often seen as a risk asset, and when economic fears grow, it tends to suffer.