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Bitcoin dips below $65K as Trump's new global tariffs shake crypto markets.

Market News
23 Jul 2026
Tokenpost
View Source
Bearish
pluang ai news

Bitcoin fell below $65,000 following the Trump administration's announcement of new global tariffs ranging from 10% to 12.5% on imports from 60 countries, targeting forced labor concerns. This move adds pressure to the already cautious crypto market amid geopolitical tensions and a resilient U.S. economy. The tariffs replace a temporary system and aim to strengthen U.S. trade negotiations, causing renewed selling and bearish momentum in Bitcoin. The policy escalation continues Trump's trade agenda despite legal challenges and follows recent tariff hikes on Brazil and planned increases on Canadian goods.

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