Bitcoin fell sharply Monday, briefly sliding toward the $65,000 level for the second time this month as renewed uncertainty over U.S. tariff policy unsettled broader risk sentiment.
The largest cryptocurrency by market capitalization dropped as much as 4.8% to around $64,300 — its weakest level since early February — before paring losses to trade above $66,300 in early New York hours. Ethereum declined more steeply, falling about 5.6% at session lows before stabilizing near $1,915.
The pullback followed weekend comments from U.S. officials confirming that previously negotiated trade agreements remain intact, despite a recent Supreme Court ruling that invalidated former President Donald Trump’s use of emergency powers to impose certain tariffs. The legal development has revived debate over the trajectory of U.S. trade policy and its potential implications for global growth and market stability.
Digital assets, which have increasingly moved in tandem with equities during periods of macro stress, appeared to mirror the cautious tone seen across risk markets. Bitcoin has traded less as a speculative outlier and more as a liquidity-sensitive asset in recent quarters, responding to shifts in policy visibility, rate expectations and geopolitical headlines.
Technically, the $65,000 area has emerged as a near-term support level after multiple tests this month. A sustained break below that threshold could invite further downside momentum, while stabilization above it may reinforce the broader consolidation range that has defined recent trading.
Despite the intraday volatility, Bitcoin remains well above last year’s levels, reflecting continued institutional participation and structural demand. Still, Monday’s price action underscores how quickly sentiment can turn when macro uncertainty re-enters the frame — particularly when policy signals blur the outlook for trade and growth.
For now, crypto markets remain tightly tethered to the global risk narrative.
