Bitcoin tumbled more than 5% to fall below $63,000 on Tuesday as investors continued to grapple with escalating tariff tensions and broader geopolitical risks.

The world’s largest cryptocurrency fell as low as $62,964.64 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 excluding 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…