On February 24, according to CNBC, Bitcoin briefly fell below the $63,000 mark on Tuesday, as investors continued to grapple with escalating tariff tensions and broader geopolitical risks. Christopher Hamilton, Head of Client Investment Solutions for Invesco Asia Pacific, stated, “This decline in Bitcoin doesn’t seem to be a typical crypto market shock, but rather a classic risk sentiment reset.” Hamilton added that this drop is more likely a “tactical risk reduction” rather than a structural exit.
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Opinion: Bitcoin's decline is not a structural exit but rather a typical risk sentiment reset
On February 24, according to CNBC, Bitcoin briefly fell below the $63,000 mark on Tuesday, as investors continued to grapple with escalating tariff tensions and broader geopolitical risks. Christopher Hamilton, Head of Client Investment Solutions for Invesco Asia Pacific, stated, “This decline in Bitcoin doesn’t seem to be a typical crypto market shock, but rather a classic risk sentiment reset.” Hamilton added that this drop is more likely a “tactical risk reduction” rather than a structural exit.