Bitcoin (BTC) extended its decline, plunging another 5% to sub-$65,000 levels amid renewed concerns over President Trump’s tariffs, and AI investment dented investor sentiment. Analysts are closely watching the $60,000 support level, with a drop towards $55,000 on the cards if the level is breached.
Concerns around Trump’s tariff strategy have become front and center in recent weeks. The president’s threats to impose financial sanctions on China, the EU, and other allies have triggered regular mass liquidations, dampening investor sentiment.
Bitcoin Quantum Threat Years Away: Michael Saylor
Strategy executive chairman Michael Saylor has downplayed concerns about quantum computing and its impact on Bitcoin. Saylor highlighted the consensus among the cybersecurity community that any credible quantum threat to the flagship cryptocurrency is likely a decade away. Saylor added that any quantum breakthrough would trigger immediate and coordinated software upgrades across global banking systems, internet infrastructure, consumer devices, artificial intelligence networks, and crypto protocols, including Bitcoin.
“You’ll see it coming. We’ll all see it coming.”
Saylor added that Bitcoin’s software is designed to change over time as its nodes, hardware, and wallets can initiate upgrades in response to emerging threats. The Strategy chairman believes global consensus on how to respond to such threats would emerge only if a credible threat is discovered, adding that governments, financial institutions, and tech companies face the same risk to their systems.
“I think the crypto community will be the first to perceive the threat, and to react to the threat, and they’ll be leading the way.”
World Liberty Financial Being Targeted By Hackers
Trump-family-backed World Liberty Financial is reportedly being targeted by hackers, short sellers, and paid influencers in an effort to “manufacture chaos” against the USD1 stablecoin. The company disclosed the attack in a post on X, stating that hackers targeted several WLFI co-founder accounts and opened massive short positions against the company. The hackers also paid influencers to spread fear, uncertainty, and doubt (FUD) against the company.
“A coordinated attack was launched against USD1 this morning. Attackers hacked several WLFI cofounder accounts, paid influencers to spread FUD, and opened massive WLFI shorts to profit from the manufactured chaos.”
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) extended its recent downturn after falling to $65,000 on Monday as concerns around tariffs and AI investments dented investor confidence. The flagship cryptocurrency dropped another 5% to a low of $62,709, moving to $63,174 after reclaiming $63,000. The price is down 7% every week, trading around levels last seen on February 6.
Analysts are keeping an eye on the $60,000 support level, noting that if it fails to hold, BTC could slide towards $50,000. Matt Howells-Barby, vice president at Kraken, stated,
“Similar to equities, Bitcoin has had a sharp pullback today, driven largely by renewed tariff-related uncertainty, similar to the events of April 2025. Furthermore, ratcheting geopolitical tensions could likely prove bearish for BTC in the short term. The $60,000 level is a key support that bulls are watching closely. If that level fails to hold, we could potentially see a move into the mid-to-low $50K range.”
US stock markets also plummeted after President Trump announced he would impose a temporary 15% tariff on imports from other countries, up from the 10% announced on Friday after the US Supreme Court struck down the President’s tariff strategy.
Meanwhile, historical data reveals Bitcoin could be in for further downside. According to market experts, BTC rarely hits a bottom until the 50-week average price crosses below the 100-week average price. This bear cross has signalled the end of several bear markets, including the 2018 and 2022 bear markets. Currently, the 50-week average price is well above the 100-week average price. If we go by this metric, BTC could slide to $50,000 before bottoming.
BTC experienced substantial volatility at the beginning of the previous week, ultimately registering a marginal increase. Selling pressure returned on Tuesday as the price fell by over 2% to $67,466. Sellers retained control on Wednesday as BTC fell 1.55% to $66,419. Despite the overwhelming selling pressure, the price recovered on Thursday, rising almost 1% to $66,972. BTC continued pushing higher on Friday, rising 1.51% to $67,984.
Source: TradingView
Price action was muted over the weekend as BTC registered a marginal decline on Saturday and fell 0.50% on Sunday to $67,955. Selling pressure intensified on Monday as the price plunged over 4% to $64,625. Bearish sentiment has persisted during the ongoing session, with BTC down over 2% at $63,197.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Bitcoin Price Analysis: BTC Is Heading For Its Worst Month Since 2022, More Pain Ahead? was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.