Bitcoin drops 4.8% to $64,300 as US tariff policy uncertainty hits crypto markets
Bitcoin fell 4.8% to $64,300 Monday, its lowest since February 6, as US tariff policy uncertainty and geopolitical tensions rattled global markets. Ether declined 5.2% as selling pressure intensified. The selloff followed Trump's announcement to raise tariffs from 10% to 15%, following a Supreme Court ruling invalidating his emergency powers. Analysts warn the crypto market remains fragile, with Bitcoin struggling to find recovery catalysts after losing $2 trillion in value since October. US Bitcoin ETFs saw $3.8 billion in net outflows for the fifth consecutive week. Will this volatility affect Nigerian crypto investors' portfolios?