Bitcoin sank 2% to $66,000 amid global trade uncertainty. Supreme Court’s decision led Trump to announce a 15% global tariff, adding to investor unease. Bespoke Investment Group questions bitcoin’s value as it’s down 24% this year and 47% from its peak. Analysts foresee a mild “crypto winter” compared to past cycles. Blockfills, a prime broker, halted deposits and withdrawals due to declining bitcoin prices. Analysts predict a potential drop to $50,000 before a second-half rally. Standard Chartered analyst reduced year-end price target to $100,000. Federal Reserve rate cut expectations and ETF behavior may influence bitcoin’s future performance.
Read more at Yahoo Finance: Bitcoin falls to $66,000, putting token on pace for fifth month of losses
