Bitcoin Under Pressure, Risk-Off Sentiment Intensifies
Bitcoin fell below $65,000 on Monday, hitting its lowest level in more than two weeks, as global markets returned to risk aversion mode. The primary trigger was tariff concerns after US President Donald Trump raised global tariffs from 10% to 15%, following a Supreme Court ruling that rejected a previous "reciprocal" tariff scheme.
This move added to uncertainty about the direction of the economy and raised concerns that some US trade deals with partners could be unraveled. Although senior US officials asserted that the negotiated agreement remains in effect, market participants believe policy risks remain high and difficult to predict.
Pressure also comes from the geopolitical side. Investors are weighing the risk of escalation between the US and Iran amidst the stalled nuclear negotiations. Diplomats from both sides are scheduled to meet again in Geneva on Thursday, but the market remains wary of possible military options if talks fail.
Amid this situation, Bitcoin and the crypto market in general have lagged behind other assets. Unlike gold, which has once again benefited as a safe haven, crypto is considered inconsistent as a hedge against heightened economic uncertainty—so when risk-off sentiment strengthens, capital flows tend to shift away from risky assets like crypto. (asd)
Source: Newsmaker.id
