Bitcoin extends decline, falling over 5% to below $64,000
Bitcoin tumbled more than 5% to fall below $64,000 on Tuesday as investors continued to grapple with escalating tariff tensions and broader geopolitical risks.
The world’s largest cryptocurrency has come under pressure as investors move away from risk assets.
“The move lower in bitcoin looks less like a crypto‑specific shock and more like a classic risk‑sentiment reset,” said Christopher Hamilton, head of client investment solutions, APAC ex Japan at Invesco.
The plunge is likely a reflection of a “tactical de‑risking” rather than a structural exit, Hamilton added.
Last week, U.S. President Donald Trump said he would determine “over the next probably 10 days” whether to launch a strike on Iran amid its resistance to a new nuclear agreement.
Tensions have since intensified, with Washington continuing to deploy military assets across the Middle East.
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