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 fell as low as $63,396 amid investor pressure to 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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