On Monday, Bitcoin experienced a significant drop, falling below $65,000 for the second time in the month, marking a decline of up to 4.8% to nearly $64,300, the lowest value since February 6. This downturn in Bitcoin's pricing—the original and most valuable cryptocurrency—was exacerbated by uncertainty surrounding U.S. tariffs after conflicting statements regarding commercial agreements from U.S. officials. Other cryptocurrencies like Ether also suffered, with drops of up to 5.2%.

The decline occurred against a backdrop of U.S. Supreme Court decisions which invalidated President Trump's ability to utilize emergency powers to impose these tariffs. Following Trump's announcement of a proposed increase in tariffs, the market reacted negatively, fearing increased economic strain from potential trade conflicts. As a result, Bitcoin's initial downturn was pronounced within the broader context of cryptocurrency market reactions to fluctuating regulatory environments and economic indicators.

However, early Tuesday morning saw a partial recovery, with Bitcoin trading slightly above $66,300. This rebound is indicative of the inherent volatility in cryptocurrency markets, where investor sentiment can shift dramatically in response to geopolitical and economic news. Overall, the situation reflects ongoing tensions in trade relations and their ripple effects on digital asset valuation.