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The price of Bitcoin dropped over -5% overnight, leading the asset referred to as ‘digital gold’ to fall beneath the significant $65,000 threshold following President Trump’s announcement of plans to increase global tariffs to 15%.
Concerns regarding tariffs have been a primary factor behind the recent challenges in the crypto markets, with Trump frequently instigating widespread liquidations through discussions of financial sanctions targeting China, the EU, and other entities.
This latest development prompted a notable risk-off shift across various asset classes, resulting in a -3.2% decline in the total crypto market and causing the Fear & Greed Index to fall to 5/100, a level not observed since the COVID crash in March 2020.
As of mid-morning during this Monday trading session, BTC USD has slightly rebounded from its daily decline, regaining $65,000 and currently trading at $65,700.
Bitcoin (BTC)24h7d30d1yAll time
Why Are Trump’s Tariffs Affecting Crypto Markets?
The sell-off escalated after President Trump invoked Section 122 of the 1974 Trade Act to implement a 15% tariff on imports, bypassing a previous Supreme Court rejection of similar actions, which has led to significant backlash within the US.
This regulatory uncertainty has unsettled risk assets, resulting in a disconnection from regional stock markets. Jeff Mei, COO at BTSE, remarked that the “sudden increase in tariff rates is prompting investors to divest from crypto assets in anticipation of a more severe market downturn.”
In addition to trade-related economics, geopolitical anxieties are intensifying the selling pressure. With prediction markets indicating the possibility of military actions against Iran, traders are liquidating speculative positions to safeguard their capital.
(SOURCE: PolyMarket)
The combination of aggressive trade policies and ongoing military tensions has fostered an unfavorable environment for risk-on assets such as crypto.
Simultaneously, gold is trading above $5,000 and appears poised for a new all-time high, while the S&P500 is hovering just below its previous peaks, highlighting that crypto is the most affected by the current global economic climate.
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ETF Outflows Indicate Institutional Hesitance Regarding Bitcoin Price
(SOURCE: CoinGlass)
Institutional interest seems to be diminishing alongside retail sentiment. Data from CoinGlass reveals that US spot Bitcoin ETFs experienced nearly $320 million in net outflows last week, marking the fifth consecutive week of negative flows amid declining demand.
While gold increased by +2.6% last week, continuing its role as a traditional safe-haven asset, Bitcoin appears to have lost its “digital gold” status amid the ongoing volatility.
Markus Thielen, head of research at 10x Research, indicated that the decline is driven less by a singular headline and more by weak liquidity, suggesting the market is in a “typical bear-market phase” characterized by uncertainty and low conviction.
What Lies Ahead for Us?
The technical landscape has obliterated immediate support levels. While traders were previously seeking crash protection near $67,000, that support has now disintegrated.
This deteriorating price action lends credence to Standard Chartered, which has reduced its Bitcoin price forecast for 2026 to just $50,000.
Standard Chartered warns Bitcoin could drop to $50K
Price now near $65K
Are you buying this dip… or waiting for capitulation? $BTC $ETH— FlashNews (@FlashNewsInvest) February 13, 2026
Standard Chartered warns Bitcoin could drop to $50KThielen anticipates further declines, potentially testing the $50,000 mark before a genuine bottom can be established.
Prediction markets corroborate this bearish sentiment. Polymarket indicates that 62% of users believe Bitcoin USD will dip below $50,000 this year, aligning with Standard Chartered’s forecast.
Bulls must swiftly reclaim $67,500 to avert another wave of liquidations after over $500M was lost in the past 24 hours.
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The post Bitcoin Price Falls Below $65K as Trump Tariff Concerns Spark Risk-Off Move appeared first on Cryptonews.
