Bitcoin drops to $64K, rebounds to $66K as Trump revives tariffs
Bitcoin drops toward $64K before rebounding to $66K as Trump revives tariffs, metals rally, and corporate treasuries diverge.
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Tariffs are back. And Bitcoin felt it first. After the Supreme Court struck down Trump’s global tariffs on Friday, markets initially breathed a sigh of relief. BTC briefly touched $68.5K over the weekend. But that bounce faded fast after Trump responded with a new 10% global tariff proposal, later revised to 15%. By Sunday night, Bitcoin was dumping toward $64K as traders rotated into gold and silver.
Meanwhile, corporate crypto treasuries remain active. Strategy added more BTC despite sitting on billions in unrealized losses. BitMine doubled down on Ethereum. And Bitdeer did the opposite, liquidating its entire Bitcoin treasury as it pivots toward AI infrastructure.
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Bitcoin falls as Trump replaces blocked tariffs
Bitcoin briefly climbed to $68.5K on Saturday following the Supreme Court’s ruling against Trump’s sweeping tariffs. That optimism evaporated quickly after Trump announced a replacement 10% global tariff, later raising it to 15%. By Sunday night, BTC dropped hard toward $64K as traders sought safety in metals. Gold is up nearly 3% since Friday, and silver has surged roughly 10%. Bitcoin trades near $66K Monday morning.Â
ETH fell toward $1,850 before stabilizing near $1,900, SOL dipped to $77 and recovered to $80, and XRP slid to $1.33 before bouncing to $1.37. Equities opened lower but avoided the sharper volatility seen in crypto.
Strategy buys, BitMine adds ETH, Bitdeer dumps BTC in treasury reshuffle
Strategy added 592 BTC last week for $39.8 million at an average price of $67,286. The purchase was funded through common stock sales. The company now holds 717,722 BTC acquired at an average cost of $76,020. With Bitcoin trading near $66K, the firm sits on roughly $7 billion in unrealized losses. Despite the drawdown, Strategy continues to treat weakness as an accumulation opportunity.
While Strategy doubled down on Bitcoin, BitMine leaned further into Ethereum. BitMine Immersion Technologies purchased 51,162 ETH last week, bringing total holdings above 4.42 million tokens, about 3.66% of supply. The firm has spent $16.4 billion accumulating ETH and is now facing more than $8 billion in unrealized losses.Â
Meanwhile, Bitdeer liquidated its entire Bitcoin treasury, selling over 943 BTC plus mined reserves. CEO Jihan Wu said the zero balance is not permanent but part of a liquidity strategy as the miner pivots toward datacenter expansion and AI infrastructure. Bitdeer plans to raise $300 million through convertible notes to support that transition.
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