Cryptocurrency Bitcoin slid on Monday, extending losses amid broader market unease and a pullback from risk-heavy assets.
The world’s largest cryptocurrency fell around 2 per cent in volatile trading, at one point tumbling as much as 5 per cent to dip below US$65,000 before trimming part of the decline. The move pressured crypto-linked equities, with Coinbase Global and Strategy both slipping more than 1 per cent, as reported by Reuters.
Market sentiment remained fragile as investors weighed renewed tariff uncertainty following US President Donald Trump’s announcement of a new 15 per cent global duty, after recent US Supreme Court ruling that struck down most earlier levies.
Bitcoin, often promoted as “digital gold,” has struggled to maintain momentum after last year’s rally. The token is now down nearly half from its October peak near US$126,000, with analysts citing a mix of profit-taking, regulatory concerns, and shifting risk appetite.
Meanwhile, precious metals gained, lifting gold and silver miners as investors rotated toward traditional safe-haven assets.
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