Bitcoin Slumps Below $63,000 Amid Escalating Global Tensions

Bitcoin's value took a hit on Tuesday, plummeting more than 5% as investors became increasingly risk-averse amid escalating tariff tensions and broader geopolitical risks.

The world's largest cryptocurrency dropped as low as $62,964.64 before recovering some losses to trade 1.5% down at $63,290 by early morning ET.

Analysts point to 'tactical de-risking' as a key factor in the decline, indicating that investors are moving away from risk assets to safer havens.