Bitcoin's price fell sharply by more than 5 percent on February 24, 2026, reaching US$62,964.64. The drop was triggered by investors shying away from risky assets amid global geopolitical tensions and import tariff risks. Analysts describe this correction as an overall risk sentiment adjustment, not a crypto-specific issue.
Bitcoin, the world's largest cryptocurrency, experienced a significant correction during trading on Tuesday, February 24, 2026, dropping more than 5 percent. It briefly hit a low of US$62,964.64, equivalent to about Rp1.05 billion at an exchange rate of Rp16,820 per US dollar. Although it rebounded to US$63,290, the decline raised concerns among global crypto investors.
The primary cause was a shift in investor sentiment toward caution on risky assets, driven by escalating import tariff tensions and geopolitical risks. In particular, US President Donald Trump's statement that he would decide on a possible attack on Iran within the next 10 days, while rejecting a new nuclear deal, worsened the situation. The US deployment of military forces to the Middle East further heightened worries about global stability.
Christopher Hamilton, Head of Asia Pacific Client Investment Solutions at Invesco, stated that the Bitcoin drop was not due to internal crypto issues. "The Bitcoin downturn doesn't look like a crypto-specific shock, but more like a classic risk sentiment reset," he said, as quoted by CNBC International on February 25, 2026. He added, "This decline likely reflects ‘tactical de-risking’, not a structural exodus," indicating it is part of a short-term consolidation without signs of permanent exit from the crypto market.
Since peaking above US$125,000 in October last year, Bitcoin has faced consistent selling pressure. Throughout 2026, its value has fallen 27 percent, and year-to-date it has lost about 50 percent from its highest level. Billy Leung, investment strategist at Global X Australia, warned that Bitcoin remains highly sensitive to global liquidity and economic policies, making it the first asset to feel the impact of international tensions.
