Btc Drops as Global Tariff Hike Sparks Risk-Off Move, Bitcoin Near $67,000
btc slid back toward $67, 000 in Sunday trading as a renewed escalation in global tariffs pushed investors toward safer assets, damping appetite for risk across crypto markets. The move matters because it links digital-asset price action directly to shifting trade policy and legal ambiguity, creating a fragile backdrop for further gains.
Btc slump follows tariff increase and unsettled legal backdrop
Bitcoin was trading around $67, 526, down roughly 1. 4% over the prior 24 hours and about 2. 1% on the week. The drop came after a decision by the administration to raise the worldwide tariff rate to 15% from 10%, a step taken despite a recent court ruling that had invalidated earlier emergency trade measures. That court decision had briefly appeared to limit Washington's ability to deploy sweeping tariffs ahead of a planned visit to Beijing; instead, the global rate was lifted and now applies to China and U. S. allies within a 150-day window.
Markets are now navigating both escalation and ambiguity: higher levies increase the risk of slower trade and growth, while the contested legal footing leaves policy subject to rapid change. This combination tends to dampen risk appetite and shifts correlation patterns so that crypto prices move more with macro sentiment than with crypto-native catalysts.
Market breadth: major tokens slide, on-chain flows show fragile base
Losses were broad across crypto majors. Ether slipped 1. 8% to $1, 951 and was down about 2. 5% over the week. XRP fell 4. 4% in the day and 8. 4% across seven days to $1. 39. Solana eased 3. 8% to $83. 25, while Dogecoin lost nearly 5% on the day and more than 11% on the week. Cardano declined 4. 3%, and BNB eased 2. 3%.
Separately, intraday flows and on-chain indicators pointed to mounting pressure from larger holders and recent buyers locking in losses. Large holders increasingly dominated exchange inflows while short-term investors continued to sell at a loss, a pattern that suggests the market is in a fragile base-building phase rather than a stable accumulation cycle. Other intraday readings also registered a roughly 5% tumble below $65, 000 tied to increased selling by large holders and loss-taking among newer participants.
Trade politics and the macro outlook will likely steer crypto next
Trade friction is not confined to Asia. European lawmakers signaled hesitation over advancing the Turnberry Agreement, seeking clearer commitments from Washington on trade policy before moving forward. That hesitancy compounds uncertainty: geopolitical and legislative frictions create a two-way risk for markets, where headlines can both spook and soothe investors in short order.
For now, digital assets appear tightly linked to macro headlines. Until tariff policy finds firmer footing and legal questions around emergency trade measures are resolved, crypto is likely to track broader risk sentiment rather than decouple on crypto-specific news. This remains a developing story; details may evolve as policy actions and market reactions continue to unfold.
