Bitcoin Drops to $65,000 as Tariff Fears Shake Markets: Why Macro Headlines Suddenly Matter Again – 99Bitcoins

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

The markets reacted negatively to the confusion.

Bitcoin fell in early Monday trading, dropping to a low of $64,300. This is BTC’s lowest price point since February 6, 2026. The sudden drop of 4.8% comes as nervousness over US tariff policy roils global markets, erasing previous gains.

While US stock futures showed mixed results, crypto markets took a harder hit, with Ethereum falling more than 5%. Uncertainty has hit the traditional economy and is spreading to crypto.

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All eyes on the Fed

BREAK:

🇺🇸 The Fed will inject $14,685,000,000 into the economy this week. pic.twitter.com/jGPBsnmh0m

— Ash Crypto (@AshCrypto) February 23, 2026

With new rates, costs can rise, and inflation usually follows. This makes the Federal Reserve’s job more difficult. They may hesitate to cut interest rates if they fear prices will rise again. As we saw when Solana fell on signals from the Fed, crypto markets generally hate high interest rates because safer investments (like bonds) look more attractive compared to “risky assets” like Bitcoin.

Phemex analysis suggests that Bitcoin is showing resilience, with each rate-related headline causing smaller price swings than before. However, the price is currently testing fragile territory. Is a dip to $60,000 possible if panic breaks out? This is consistent with similar patterns we have observed where geopolitical tensions are testing key levels of support.

While investors hate uncertainty, the back-and-forth over trade deals is creating a “wait and see” environment in which big players are turning to cash rather than betting on growth.

Despite the Supreme Court ruling against Trump’s far-reaching tariffs, he promises global tariffs of 10 to 15% through new legal avenues.
The markets react, Bitcoin falls below $66,000, gold rises above $5,100 amid demand for safe havens.#Trumptariffs #BTC #Gold #Markets #Trade pic.twitter.com/QOL2qRn90m

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

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Akriti Seth

Senior editor

Akriti Seth is a Zurich-based business journalist and crypto editor. Her passion for journalism has taken her around the world – from thriving as a television correspondent to writing compelling articles, she has worked for companies such as Informa UK, Bloomberg… Read more