Bitcoin briefly fell to $64,830 during early Monday trading. The cryptocurrency declined nearly 5% from Sunday into Monday, reaching its lowest point in over two weeks. Amid market confusion over recent tariff policies from Trump and rising fears of a U.S.-Iran conflict, investors are shifting away from risk assets like Bitcoin and moving into gold.
Driven by increased trade policy uncertainty and geopolitical concerns, Bitcoin dropped below $65,000 on Monday. The digital currency touched $64,830 in early trading, extending a near 5% decline that began the previous day. Over the weekend, it fell as low as $64,324, marking its weakest level since February 6, when it hit $60,062. The sharp decline in the world's oldest cryptocurrency came as geopolitical and macroeconomic uncertainties prompted investors to exit risk-sensitive assets. Last week, U.S. President Trump stated that he would decide "within about 10 days" whether to take military action against Iran due to its resistance to a new nuclear agreement. Tensions have escalated in recent days, with the U.S. continuing to deploy military assets to the Middle East. Additionally, Trump announced on social media Saturday that he would raise retaliatory tariffs on many U.S. trading partners to 15%, effective "immediately." This came just one day after the Supreme Court rejected his earlier trade tax proposal. Since the start of the year, Bitcoin has fallen 24% amid a series of macroeconomic risks. In contrast, safe-haven assets such as gold and silver have posted significant gains. Gold has risen approximately 20% year-to-date, while silver has climbed 23% over the same period.
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