Bitcoin Price Drops Amid Trump's Global Tariff Hike

The cryptocurrency market has been affected by the recent tariff announcements made by the US President, Donald Trump. Following his announcement to raise global tariffs to 15%, the price of Bitcoin fell more than 5% to below $65,000 on Monday.

This development marks a divergence from Asian equities which rose in early trade, underscoring the uncertainty surrounding the impact of tariff changes on the cryptocurrency market.

The move comes after previous tariff-related events had a positive impact on Bitcoin. The 5% drop in price is significant and has sparked interest among investors who are watching the situation closely.