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Bitcoin Falls Below $65,000 on Monday, Hitting Two-Week Low Amid Tariff Escalation

GateNews

2026-05-11 03:58:28

BTC-1.8%

On Monday, Bitcoin dropped below $65,000, hitting its lowest point in over two weeks, as tariff concerns and geopolitical uncertainty weighed on global markets. The decline followed U.S. President Trump’s announcement on Saturday to raise previously announced global tariffs from 10% to 15%, after the U.S. Supreme Court rejected his proposal for comprehensive reciprocal tariffs. The policy shift heightened concerns about potential trade agreement breakdowns, while investors also weighed growing risks of military action against Iran as nuclear negotiations stalled. Diplomats are scheduled to meet again in Geneva on Thursday.

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