Bitcoin dipped below $65,000 on Monday as investors weighed mounting tariff uncertainties and geopolitical concerns.
The token traded as low as $64,830 early as it continued a nearly 5% slide that began a day earlier. Over the weekend, that decline brought the digital asset to $64,324 at its nadir, marking its lowest level since Feb. 6 when it hit $60,062.
Bitcoin was last down more than 2% at $65,836.68 at 9:40 a.m. ET.
The world’s oldest cryptocurrency has taken a dive, particularly as geopolitical and macroeconomic uncertainties spark investors’ flight from risk-on investments.
Last week, U.S. President Donald Trump said he would decide whether to strike Iran “over the next probably 10 days” due to its resistance toward a new nuclear deal. The tensions seemed to build over the past few days, with the U.S. continuing to position its military forces across the Middle East.
