Bitcoin Falls Below $65,000 After Trump Raises Global Tariffs to 15%

Bitcoin fell more than 5% to below $65,000 after President Donald Trump announced plans to raise global tariffs to 15%, rattling risk sentiment across markets. The decline in Bitcoin's price comes as investors grapple with the implications of the Supreme Court's ruling that overturned most of President Trump's tariffs. ^[2]

The Supreme Court's ruling on Friday has left investors uncertain about the future of trade policies, leading to a decline in risk assets such as Bitcoin. The cryptocurrency's price has been volatile in recent weeks, and the latest decline is a result of the uncertainty surrounding trade policies. ^[2]

The impact of the Supreme Court's ruling on trade policies is still unclear, and investors are waiting for clarity on the matter. The decline in Bitcoin's price is a reflection of the uncertainty and volatility in the market. ^[2]

The Supreme Court's ruling has also led to a decline in the price of other risk assets, including stocks and commodities. The uncertainty surrounding trade policies is affecting investor sentiment, leading to a decline in risk assets. ^[2]

The impact of the Supreme Court's ruling on trade policies will be closely watched in the coming days, and investors will be waiting for clarity on the matter. The decline in Bitcoin's price is a reflection of the uncertainty and volatility in the market. ^[2]

Sources

[1] U.S. stock futures drop as investors await clarity on Trump’s latest tariff plans
[2] Bitcoin falls below $65,000, dropping over 5%, after Trump raises global tariffs to 15%
[3] Tariff costs and refunds take the spotlight as Home Depot, TJX and other retailers report earnings this week