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Bitcoin falls to nearly $64,000 as 2026 crypto woes continue

CNBC
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⚡ Quantum Brief
Bitcoin dropped below $65,000 Monday, hitting a low of $64,324 over the weekend—its weakest since February 6—amid a 5% decline driven by geopolitical and economic instability. U.S.-Iran tensions escalated after President Trump threatened military action within 10 days over Iran’s resistance to a new nuclear deal, further rattling risk-on markets like crypto. Trump also abruptly raised retaliatory tariffs to 15% on key trading partners, intensifying economic uncertainty and triggering a shift from volatile assets like Bitcoin to safer havens. Bitcoin has lost 24% year-to-date as macro threats persist, while gold and silver surged 20% and 23%, respectively, reflecting investor flight to traditional safe-haven assets. The cryptocurrency traded at $65,836.68 by 9:40 a.m. ET Monday, down over 2%, extending its downward trend amid sustained market turbulence.
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Bitcoin dipped below $65,000 on Monday as investors weighed mounting tariff uncertainties and geopolitical concerns. The token traded as low as $64,830 early as it continued a nearly 5% slide that began a day earlier. Over the weekend, that decline brought the digital asset to $64,324 at its nadir, marking its lowest level since Feb. 6 when it hit $60,062. Bitcoin was last down more than 2% at $65,836.68 at 9:40 a.m. ET. The world's oldest cryptocurrency has taken a dive, particularly as geopolitical and macroeconomic uncertainties spark investors' flight from risk-on investments. Last week, U.S.

President Donald Trump said he would decide whether to strike Iran "over the next probably 10 days" due to its resistance toward a new nuclear deal. The tensions seemed to build over the past few days, with the U.S. continuing to position its military forces across the Middle East. Separately, Trump said Saturday in a social media post that he would raise his so-called retaliatory tariffs against many of the U.S.' foreign trading partners to 15%, "effective immediately," just one day after the Supreme Court struck down his previous trade taxes. Since the beginning of the year, Bitcoin has lost 24% due to the onslaught of macro threats, while risk-off assets like precious metals have surged. Gold has gained about 20% in the year to date, while silver has added 23% during the same period. Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2026 Versant Media, LLC.

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