Bitcoin has experienced a significant decline, trading at $64,777, marking a 4.75% drop within the last 24 hours. This downturn follows an announcement from U.S. President Donald Trump regarding plans to increase global tariffs to 15%. The market is reacting to heightened macroeconomic uncertainties.
The recent price drop has seen Bitcoin fall below the critical support level of $65,000, intensifying caution among investors. After reaching over $125,000 in October of the previous year, Bitcoin has faced a series of corrections throughout 2026. The accumulated decline reflects not only diminished liquidity but also the growing pressure from global economic conditions.
Markus Thielen, head of research at 10x Research, noted that the latest drop in Bitcoin is not attributed to a single event, but rather a combination of factors contributing to a challenging liquidity environment. He suggested that there is a possibility for the price to approach levels around $50,000 before achieving greater stability. The ongoing military presence of the U.S. in the Middle East and tensions related to Iran may also be influencing a shift of capital into less risky assets.
In parallel, the price of spot gold has increased by approximately 1.5% during the same session, widening the performance gap compared to Bitcoin, often referred to as “digital gold” by various financial commentators, including Jerome Powell, the chair of the Federal Reserve.
In terms of other cryptocurrencies, Ethereum (ETH) has seen a decline of 5.63%, trading at $1,860.69. Meanwhile, XRP is down 5.98% at $1.34, and BNB has dropped by 5.21%, now priced at $588.69. Solana (SOL) has experienced one of the steepest declines of the day, with an 8.82% drop, currently valued at $77.52. Other notable falls include TRON (TRX) at $0.29, down 0.67%, and Dogecoin (DOGE), which has fallen 5.03% to $0.09. Additionally, Bitcoin Cash (BCH) is trading at $539.88 after a 4.80% decrease.
