Bitcoin Slumps Below $65,000 Amid Tariff Uncertainty

Bitcoin's value continues to fluctuate in response to global economic developments. On February 23, 2026, the cryptocurrency plummeted below its $65,000 support level due to uncertainty over US tariffs imposed on foreign trade partners.

The price of Bitcoin dropped by up to 4.8% on Monday morning, reaching a low of $64,327. This decline had a ripple effect on other cryptocurrencies, with Ethereum falling by 5.2% and Solana plummeting by as much as 7.5%. XRP (Ripple) also declined by 4.4%.