Why did Bitcoin price today drop below $65,000?

Reports that President Trump is considering a 15% global tariff sparked a risk-off move. Higher trade costs can lift inflation risk and pressure growth, which often hits speculative assets first. Bitcoin price today reacted quickly as liquidity thinned, pushing through stops before stabilizing near key support zones.

What levels are most important after this crypto market selloff?

We are watching $65,000 as a pivot, $62,000 as near-term support, and $50,000 as a stress target flagged by several desks. On strength, $68,000 to $70,000 are first hurdles, then the 50-day average near $82,615. These levels help frame risk and potential rebound paths.

Are technicals signaling more downside for BTC price?

Trend indicators lean bearish. RSI is near 34, ADX is strong near 49, and MACD is below signal, which supports selling rallies. If price closes back above $70,000, momentum could improve. Until then, ranges can stay wide, so sizing and tight invalidation levels matter most.

Could Bitcoin price today revisit $50,000 soon?

It is a plausible downside scenario if policy risks rise and liquidity worsens, but it is not a certainty. A break under $62,000 would increase odds of testing the high $50,000s. Conversely, a sustained close above $70,000 would reduce the likelihood of a quick slide to $50,000.

Global Market Insights

BTCUSD Today, February 23: Bitcoin Slides on 15% Tariff Plan, $65K Test

ByHuzaifa Zahoor February 23, 2026February 23, 2026

Bitcoin price today fell as much as 5% and briefly traded below $65,000 after President Trump floated a 15% global tariff plan, pushing risk assets lower. We track BTCUSD as traders weigh policy risk, thin liquidity, and technical pressure. The session low sat near $64,299 while the rebound struggled to hold above $66,000. With analysts warning of downside toward $50,000, we outline the levels, indicators, and scenarios that matter. Our goal is clear, practical guidance for US investors watching fast macro headlines.