Bitcoin has experienced a significant decline, dropping below the crucial psychological threshold of $65,000 as the cryptocurrency market faces new waves of uncertainty. This drop has been primarily driven by concerns surrounding the rising trade policies of the United States and escalating geopolitical risks in the Middle East, particularly related to Iran. Investors are reassessing the potential impacts of these issues on the cryptocurrency market, leading to increased selling pressure.

On Monday during Asian trading sessions, Bitcoin saw a decline of nearly 5%, reaching an intra-day low of $64,300, marking its lowest point since early February. By 07:15 Greek time, it was trading close to $64,800, below the $65,000 support level that many analysts consider vital for short-term price movements. This continued downward trend raises concerns among investors about further declines and the possibility of breaking through other critical support levels.

As Bitcoin struggles, other digital currencies are also facing significant pressure, with Ether falling over 5% in response to the broader market downturn. The overall deterioration in the cryptocurrency market highlights the ongoing volatility and uncertainty, prompting traders to cautiously navigate the fluctuating landscape amid external economic and geopolitical challenges.