Bitcoin Plunges Below $65,000 Amidst Ongoing Uncertainties Over US Import Tax Policies

The cryptocurrency market experienced a significant downturn on Monday as Bitcoin fell below $65,000 amidst ongoing uncertainties over US import tax policies.

According to data from CoinGecko, the total value of cryptocurrencies lost over $100 billion within the past 24 hours, with smaller tokens being particularly hard hit. The decline in the market is largely attributed to the recent statements made by U.S. officials regarding trade agreements and tariffs.

Market analysts believe that the price level of $60,000 may provide support for Bitcoin, but a break below this level could lead to further declines.