Bitcoin ($BTC ) has plummeted below the critical $65,000 support level, hitting a 24-hour low near $63,400. The crash was ignited by President Trump’s sudden executive action to impose a 15% global tariff, catching markets off-guard and wiping out over $500 million in leveraged positions within hours.
Trend Analysis
The "digital gold" narrative is facing a severe stress test as global markets react to the U.S. administration's shift to Section 122 of the 1974 Trade Act. While Bitcoin often thrives on domestic uncertainty, the sheer scale of the 15% tariff—introduced to bypass a recent Supreme Court block—has triggered a massive "risk-off" rotation.
Institutional Exit: Large corporate holders are liquidating at a record pace. Data indicates a three-week streak of zero accumulation, suggesting the 2025 bull run anchor has shifted.
Macro Volatility: With the Dow Jones sliding over 800 points and the EU halting trade talks, capital is fleeing toward cash and defensive assets, leaving the crypto market vulnerable to further downside.
Liquidation Cascade: Over $500M in long positions were "nuked" as Bitcoin broke its Asian trading floor, forcing a cascading sell-off that dragged Ethereum and Solana down by over 4%.
Risk Warning
High volatility is expected to persist as the market digests the legal battle between the White House and the Supreme Court. Technical analysts warn that a failure to reclaim $64,400 could open the door to a $60,000 psychological retest. Trade with extreme caution and use tight stop-losses.
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