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.

Bitcoin fell more than 5% to below $65,000 after President Donald Trump announced plans to raise global tariffs to 15%, rattling risk sentiment across markets.

Bitcoin fell below $65,000 on Monday as geopolitical and macroeconomic uncertainty sparked another flight from risk-on investments.