Risk - sentiment reset
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Bitcoin extends decline, falling over 5% to below $64,000
CNBC· 2026-02-24 03:32
Core Viewpoint - Bitcoin experienced a decline of over 5%, dropping below $64,000, as investors reacted to escalating tariff tensions and broader geopolitical risks [1] Group 1: Market Reaction - The price of Bitcoin fell to a low of $63,396 amid investor pressure to shift away from risk assets [1] - The decline in Bitcoin is characterized as a "risk-sentiment reset" rather than a specific shock to the cryptocurrency market, according to an investment expert [1] Group 2: Investment Strategy - The recent plunge in Bitcoin is interpreted as a "tactical de-risking" approach by investors, indicating a temporary adjustment rather than a long-term exit from the market [2]