Bitcoin has taken a sharp hit. The top cryptocurrency dropped more than 5% on Tuesday, falling below the key $63,000 level. This move comes as global markets face rising tariff fights and growing worries over wars in the Middle East.

The Big Drop: What Happened to Bitcoin’s Price?

Bitcoin’s price sank as low as $62,964 during the session. Traders rushed to sell riskier assets like crypto amid fresh fears. This is not just a small dip – it’s part of a bigger trend shaking the crypto world.

Investors are pulling back from high-risk bets. Bitcoin, often seen as a risky play like stocks, feels the pain first in these times. The drop wiped out recent gains and pushed BTC deeper into the red for the year.

• Daily loss: Over 5%, hitting…