Breaking: Trump Sets New Global Tariffs At 12.5%, Bitcoin Extends Decline

Bitcoin extended its decline after the Trump administration announced new global tariffs of 10%-12.5% on 60 countries, set to take effect just after midnight ET on Friday. The news added to already fragile crypto sentiment, with BTC falling to about $64,985, down 1.37% at the time of writing after briefly reclaiming the $65,000 level. The article ties the selloff to broader macro risk aversion, including rising US-Iran tensions and weaker-than-expected US jobless claims data. Traders also saw increased long liquidations, while the short-term chart showed red candles suggesting continued near-term downside pressure. Overall, the tariff escalation is presented as a bearish macro shock for Bitcoin and the wider crypto market.