Bitcoin Price Falls Below $65K Amid Tariff Policy Uncertainty

The recent decline of the Bitcoin price below $65,000 has been attributed to concerns over President Trump's tariff policies, which have created uncertainty in global markets. This sudden change in policy has resulted in a sharp risk-off rotation across asset classes, causing significant losses for crypto investors.

According to experts, the price could potentially drop as low as $75,000 due to increased volatility and geopolitical tensions. The turmoil has also led to a shift away from Bitcoin's 'digital gold' narrative, as investors seek safer havens such as gold.

The recent events have highlighted the sensitivity of Bitcoin to macroeconomic uncertainty, with risk assets repricing amid fluctuations in tariff policy and geopolitical tensions. This has resulted in a broad contraction in risk appetite, evident in the crypto market's drop and gold's uptick today.