Bitcoin extends decline, falling over 5% to below $64,000

NoodlesOrTokens · 2026-02-24T04:17:30+00:00

Bitcoin's price dropped over 5% to below $64,000 amid rising tariff tensions and geopolitical risks. Analysts suggest this decline reflects a general shift in risk sentiment rather than a specific crypto issue.

NoodlesOrTokens

2026-02-24 04:17:30

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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.

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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.

This is breaking news. Please check back for more.

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