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Bitcoin falls below $65,000 after a major 3% slip amid uncertainty over Trump's tariffsBitcoin dropped to $64,300 after the US Supreme Court struck down Trump’s tariff. Ether fell 5.2%. Over $2 trillion has been lost in the cryptocurrency market, with smaller tokens hit hardest.By CNBCTV18.com February 23, 2026, 11:24:04 AM IST (Published)2 Min ReadBitcoin declined further amid rising uncertainty after the US Supreme Court struck down Trump's tariff.

At over $64,300, the original digital asset fell as much as 4.8%, the lowest since February 6. The second-largest token, Ether, fell 5.2%, while other tokens performed worse.

The losses follow US authorities' announcement on Sunday that trade agreements already reached with allies are still in effect in spite of a Supreme Court decision that invalidated President Donald Trump's use of emergency power to impose tariffs.

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Trump claimed he would raise the global 10% tax he announced the day before to 15% in a social media statement on Saturday, causing further economic instability. Early trading on Monday saw a decline in the dollar and US stock futures.

The remaining gains that Bitcoin had made after Trump's reelection in November 2024 were erased earlier this month. Before a major selloff that has left digital assets reeling ever since, Bitcoin reached a record price above $126,000 in October of last year due to hopes that Trump's second term would be more crypto-friendly.

Over $2 trillion in value has been lost in the larger cryptocurrency market, with the market for smaller tokens being particularly severely damaged.

According to CoinGecko data, the cryptocurrency market lost an additional $100 billion in value in the last day alone. According to data from the cryptocurrency derivatives market Deribit, downside protection is centred at $60,000.

Continue Reading(Edited by : Juviraj Anchil)TagsbitcoinCrypto currencies