Bitcoin Prices Plunge Below $65,000 Amid Trade Tensions and Regulatory Uncertainty

The cryptocurrency market has been facing significant challenges in recent days, with Bitcoin's price dropping below $65,000 on February 23, 2026. This event was triggered by escalating U.S. trade tensions and regulatory uncertainty, which have led to a massive wave of liquidations in the market.

The 'risk-off' rotation, fueled by these macroeconomic factors, has resulted in over $460 million in leveraged long positions being wiped out within hours. This highlights the sensitivity of the cryptocurrency market to global economic developments and trade policy changes.

Investors are grappling with the implications of a more aggressive U.S. trade stance, which is expected to lead to higher tariffs and interest rates. The 'Fear and Greed Index' has plunged to an extreme low of 14, indicating a growing unease in the market.