Bitcoin plunged more than 5%, falling below $64,000, as investors fled risky assets.

Bitcoin plunged more than 5%, falling below $64,000, amid escalating tax tensions and geopolitical risks. Analysts point to this as a short-term risk reduction scenario.

On February 24, 2026, at 11:18 AM, CNBC reported that: Bitcoin plunged more than 5% on Tuesday, falling below $64,000. Amid pressure from escalating tax tensions and geopolitical risks in various parts of the world.

The world's largest cryptocurrencies by market capitalization are facing selling pressure as investors reduce their exposure to risky assets.

Christopher Hamilton, Head of Client Investment Solutions, Asia Pacific (excluding Japan) at Invesco. specify that The current decline in Bitcoin doesn't appear to be a mere crypto shock, but rather a shift in the overall market's risk perception.

He added that This decline likely reflects “tactical de-risking” rather than a long-term structural withdrawal from the market.

Last week U.S. President Donald Trump They stated that a decision would be made internally. "In about 10 days." The question is whether or not to launch an attack on Iran, after Iran expressed opposition to the new nuclear agreement.

Since then, tensions have escalated, with the United States continuing to send additional troops and military equipment to the Middle East, further increasing pressure on the investment climate in global financial markets.

refer : www.cnbc.com

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