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 fell as low as $63,396 amid investor pressure to move away from risk assets.
"The move lower in bitcoin looks less like a cryptoâspecific shock and more like a classic riskâsentiment reset," said Christopher Hamilton, head of client investment solutions, APAC ex Japan at Invesco.
The plunge is likely a reflection of a "tactical deârisking" 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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