Bitcoin slips below $65,000 levels, down 4.8% amid Trump tariffs uncertainty

The world’s largest cryptocurrency Bitcoin slipped to record eight-month low below $65,000 levels on 23 February in early Asia trade, data on CoinMarketCap showed.

The slip came amid increased uncertainty over the status of United States tariffs imposed by President Donald Trump. According to Riya Sehgal, Research Analyst at Delta Exchange, “Donald Trump’s 15% global-tariff announcement rattled global-risk assets, triggering a sharp risk-off rotation. Capital flowed toward safe-havens like Gold, which rallied over 2%, while de-risking amplified the sell-off in crypto.”