Bitcoin dipped below $65,000 on Monday, hitting a more than two-week low as renewed tariff concerns rattled global markets. On Saturday, US President Donald Trump said he would raise the 10% global levy announced a day earlier to 15%, following the US Supreme Court’s rejection of his sweeping reciprocal tariffs, adding fresh uncertainty to the economic outlook. The move sparked worries that trade agreements between the US and its partners could unravel, though senior US officials reiterated that existing deals would remain in place. Investors also weighed growing fears that the Trump administration might launch military action against Iran amid stalled nuclear negotiations, with diplomats set to reconvene in Geneva on Thursday. Bitcoin and the broader cryptocurrency market have lagged other asset classes, failing to serve as a reliable hedge against economic uncertainty, unlike gold.
