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

Markets reacted to a proposed 15% global tariff from President Trump, which revived growth and trade worries. Risk assets sold off, liquidity thinned, and stops triggered near round numbers. Gold drew haven demand, while crypto and related equities weakened as uncertainty rose and traders cut exposure to reduce overnight and headline risk.

Is this the start of a bigger crypto market selloff?

It could be a short-lived shock or the first leg of a deeper move, depending on policy clarity and broader risk tone. If tariffs headlines worsen and liquidity stays thin, downside can extend. Stabilization in equities, calmer rates, and stronger spot demand would support a base and reduce the chance of further cascading.

What levels matter for the btc price this week?

Watch $65,000 as a pivot, the $62,000 to $63,000 band as initial support, and $60,000 as a key line. A firm reclaim of breakdown zones would favor stabilization. A clean loss of $60,000 raises risk of a deeper slide, with some analysts discussing the possibility of a move toward $50,000.

How could trump tariffs affect crypto longer term?

Persistent tariff uncertainty can raise volatility, hit growth expectations, and support the dollar, which can pressure risk assets. Clear policy guidance, stronger equities, and improving liquidity would help crypto recover. Over time, institutional participation and consistent ETF inflows can offset shocks, but near-term path will track macro headlines closely.

Global Market Insights

BTCUSD Today, February 24: Tariff Shock Knocks Bitcoin Under $65,000

ByDanny Kontos February 24, 2026

The btc price slipped under $65,000 today as tariff headlines hit risk assets. Bitcoin (BTCUSD) fell as much as 5% after President Trump proposed a 15% global tariff, prompting traders to cut exposure. With bitcoin price today under pressure, liquidity appears thin and conviction low, while gold draws haven demand. U.S. investors are tracking policy updates, equity futures, and stablecoin flows as this crypto market selloff tests key levels. We break down drivers, levels to watch, and practical positioning ideas.