Crisis! Bitcoin Plummets to US$62,000, Global Sentiment Creates Major Pressure
Alarm Bells! Bitcoin Plummets to US$62,000, Global Sentiment Triggers Major Pressure
- CNBC International
Jakarta, VIVA – The price of Bitcoin has sharply corrected, sparking concerns among global crypto investors. The world’s largest crypto asset plummeted by more than 5 per cent in trading on Tuesday, 24 February 2026.
This significant decline caused Bitcoin to fall to US$62,964.64, or approximately Rp 1.05 billion (estimated exchange rate of Rp 16,820 per US dollar) per coin. Previously, the digital asset had managed to reduce some of its losses with a rebound to US$63,290.
The fall in Bitcoin’s price occurred as investors began to move away from risky assets amid rising import tariff tensions and global geopolitical risks. As a result, this caused selling pressure as investor sentiment changed, becoming more cautious in the face of economic uncertainty and international conflicts.
Christopher Hamilton, Head of Client Investment Solutions, Asia Pacific at Invesco, believes that the decline in Bitcoin is not due to internal crypto problems. He stressed that this correction more accurately reflects a change in global risk sentiment.
“The downward movement of Bitcoin appears to be less like a specific crypto shock and more like a classic reset of risk sentiment,” Hamilton said, as quoted by CNBC International on Wednesday, 25 February 2026.
He added that this weakening is likely part of an adjustment (consolidation) phase undertaken by investors in the short term. Again, Hamilton emphasised that the fall in Bitcoin is not a sign of investors permanently leaving the crypto market.
“This decline is likely a reflection of ‘tactical de-risking’, not a structural exodus,” he said.
Pressure on Bitcoin began to be felt after the President of the United States, Donald Trump, stated that he would soon decide on the possibility of an attack on Iran in the near future, and at the latest within 10 days, he would launch an attack in protest against the new nuclear agreement.
Tensions escalated after Washington deployed military forces to the Middle East. This move sparked investor concerns about global stability.
Since reaching its peak of over US$125,000 in October last year, Bitcoin has experienced consistent selling pressure.
Bitcoin’s value has fallen by 27 per cent throughout 2026. Meanwhile, year-to-date (ytd), this crypto asset has lost about 50 per cent of its highest level.
Investment strategist at Global X Australia, Billy Leung, warned investors that Bitcoin is still very sensitive to global liquidity conditions and economic policies. He predicts that Bitcoin will be the first asset to feel the impact of global tensions.