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Bitcoin fell below $65K amid tariff jitters and institutional outflow, dropping nearly 5 percent in 24 hours to $64,793.91. Its market cap decreased to $1.29 trillion.
Bitcoin has plummeted below $65k.
Bitcoin Price Today: Cryptocurrency Bitcoin plunged below $65K mark amid the tariff jitters and institutional outflow. The slide of BTC continues as it fell almost 5 per cent in the past 24 hours to trade at $64,793.91 according to CoinMarketCap.
The sharp drop in BTC price also hit the market cap of the largest cryptocurrency. The M-cap of BTC dropped to $1.29 trillion.
The decline followed President Donald Trump’s move to lift global tariffs to 15% from 10%, even after a recent U.S. Supreme Court ruling struck down earlier emergency trade measures, according to Harish Vatnani, Head of Trade, ZebPay.
“The combination of policy escalation and legal uncertainty has added fresh ambiguity to markets, tempering risk appetite and keeping crypto prices under pressure,” he added.
Vikram Subburaj, CEO, Giottus.com added that macro remains the dominant overhang. Minutes from the Federal Reserve’s January 27-28 meeting, released on February 18, revealed a divided committee.
“Markets now look ahead to the February CPI release on March 11 and the March 17-18 FOMC meeting. Both of these could materially shift rate expectations. Rising Treasury yields in recent sessions have reinforced caution across high-beta assets, including crypto,” Subburaj said.
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February 23, 2026, 10:39 IST
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