Bitcoin (BTC) has retreated further into the $62,000 range, trading at approximately $62,323 on Tuesday morning.
The move marks a continuation of the selling pressure that saw the digital asset break below the critical $64,000 support level over the weekend.
The breakdown below $64,000 was significant as it removed a key technical support zone that had previously anchored prices.
The decline follows a 0.9% drop on Monday, which pushed the price to $63,349.
The sustained downward trajectory reflects a broader retreat from risk assets as investors digest renewed geopolitical friction between Iran and the United States.
Market participants are treating the current environment with caution, limiting buying interest in volatile digital assets.
The breakdown below $64,000 was significant as it removed a key technical support zone that had previously anchored prices.