Bitcoin falls below $64K on tensions
- Bitcoin fell below US$64,000 after reports of a US strike on Iran increased market uncertainty.
- The decline came as investors reduced exposure to risk assets across global markets.
- Comments by US President Donald Trump on China added to concerns over geopolitical and trade risks.
Bitcoin (CRYPTO:BTC) fell below US$64,000 after reports of a US strike on Iran and fresh comments from US President Donald Trump on China unsettled financial markets.
The decline came as investors shifted away from risk assets amid growing geopolitical tensions and uncertainty over global trade.
"Geopolitical events are driving risk-off sentiment across digital assets," market analysts said.
Other major cryptocurrencies also traded lower as investors reacted to the broader market uncertainty, although losses varied across the sector.
Analysts said Bitcoin's near-term direction will likely depend on geopolitical developments and broader investor sentiment.
Bitcoin has increasingly traded alongside traditional risk assets during periods of economic and political uncertainty.
The latest decline highlights how geopolitical events can quickly affect cryptocurrency prices alongside stocks, commodities and other financial markets.
At the time of reporting, Bitcoin price was $62,701.16.
