Bitcoin Drops to $65K as Tariff Fears Shake Markets: Why Macro Headlines Suddenly Matter Again

[Ben Graham]

A US Supreme Court ruling on Friday, 20 February 2026, struck down Donald Trump’s tariffs, prompting the US President to threaten 10%-15% global tariffs on all goods entering the US.

Markets reacted negatively to the confusion.

Bitcoin slid in early Monday trading, dropping as low as $64,300. This is BTC’s lowest price point since 6 February 2026. The sudden 4.8% decline comes as nervousness over US tariff policies rattles global markets, wiping out earlier gains.

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While US stock futures saw mixed results, crypto markets took a harder hit, with Ethereum falling over 5%. Uncertainty has hit the traditional economy, and it is spilling over into crypto.

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All Eyes On The Fed

BREAKING:

Fed to inject $14,685,000,000 into the economy this week. pic.twitter.com/jGPBsnmh0m

— Ash Crypto (@AshCrypto) February 23, 2026

With new tariffs, costs may rise, and inflation usually follows. This makes the Federal Reserve’s job harder. They may hesitate to lower interest rates if they worry prices are climbing again. As we have seen when Solana fell on Fed signals, crypto markets generally dislike high interest rates because they make safer investments (like bonds) look more attractive compared to “risk assets” like Bitcoin.

Phemex analysis suggests that Bitcoin is showing resilience, with each tariff-related headline causing smaller price swings than before. However, the price is currently testing fragile ground. Is a dip toward $60,000 possible if panic sets in? This aligns with similar patterns we have observed where geopolitical tensions challenge key support levels.

While investors hate uncertainty, the back-and-forth over trade deals creates a “wait and see” environment where big players move to cash rather than betting on growth.

Despite the Supreme Court ruling against Trump's sweeping tariffs, he vows 10-15% global tariffs via new legal paths.
Markets react, Bitcoin dips below $66K, Gold surges past $5,100 amid safe-haven demand.#TrumpTariffs #BTC #Gold #Markets #Trading pic.twitter.com/QOL2qRn90m

— Prince Chinedu (@1sprincechinedu) February 23, 2026

DISCOVER: Best New Cryptocurrencies to Invest in 2026 

Key Takeaways

The sudden 4.8% decline in Bitcoin comes as nervousness over US tariff policies rattles global markets, wiping out earlier gains.

With new tariffs, costs may rise, and inflation usually follows. This makes the Federal Reserve’s job harder.

The post Bitcoin Drops to $65K as Tariff Fears Shake Markets: Why Macro Headlines Suddenly Matter Again appeared first on 99Bitcoins.