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Fortune

Carlos Garcia

Bitcoin stabilizes after tariff whiplash briefly sends price below $65,000

Bitcoin Donald Trump Crypto Gracy Chen

Artistic rendering of Bitcoins (Credit: Chris McGrath/Getty Images)

The price of Bitcoin sputtered and then steadied, as President Donald Trump’s tariff threats intensified. The original cryptocurrency is up slightly above $65,000 on Monday after it dipped below that threshold on Sunday evening for the first time in about two weeks, according to Binance. The latest gyrations came after the Supreme Court found the majority of the White House’s tariffs to be unconstitutional, leading President Donald Trump to double down and vow a new set of tariffs shortly after.

“Selling pressure is still tangible and heavy, so the asset has become highly sensitive to headlines, and recent turbulence around tariffs has put even more pressure on risk sentiment,” said Gracy Chen, CEO of Bitget, in a note to Fortune.

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