Altcoins News

Story: Bitcoin Crashes Below $65K as Trump Threatens New Tariffs

By Pankaj K

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Bitcoin tanked hard yesterday. The world's biggest cryptocurrency fell below $65,000 after former President Donald Trump dropped hints about bringing back tariffs on major…

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February 23 turned into a bloodbath for crypto traders who didn't see this coming. Trump's comments about revisiting trade policies with key partners reignited fears of another…

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Ethereum dropped almost 5% to hit $1,800, while Ripple fell 3% to $0.55. The broader crypto market cap shed billions within hours, and there's no telling when the bleeding stops.

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The prospect of renewed trade tensions between the United States and its trading partners triggered a massive flight to safety.

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Mark Jennings from Crypto Insights didn't mince words. "We're entering a period of heightened volatility," he said.

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The sell-off shows just how fragile crypto markets really are. Despite Bitcoin's recent surge past $70,000, the digital currency remains vulnerable to external shocks that have…

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Regulatory concerns keep piling on top of everything else. Global regulators continue scrutinizing the crypto sector, and the lack of clear frameworks in key markets adds another…

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Bitcoin's currently trading around $64,500, with traders glued to their screens waiting for more developments.

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The cryptocurrency exchange Binance reported trading volume surged 20% compared to the previous day.

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European Central Bank President Christine Lagarde acknowledged the potential impact of renewed trade tensions on global economic growth.

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Coinbase also reported increased trading activity on February 23, with Bitcoin buy and sell orders rising 15% over the previous day.

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The ripple effect hit Asia hard too. Tokyo's Nikkei 225 index fell 0.9%, reflecting investor concerns over potential impacts on Japan's export-driven economy.

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Bank of England Governor Andrew Bailey highlighted the importance of monitoring global economic indicators closely.

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Bitcoin's price recovered slightly by late afternoon, stabilizing around $64,800. The overall sentiment remains pretty cautious though, with investors wary of further volatility…

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Major cryptocurrency exchanges reported system strain during peak selling hours, with Kraken experiencing brief delays as order volumes spiked 180% above normal levels.

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