Bitcoin recedes to $63,000 as Iran-Israel trade strikes and Korean stocks crash

BTC has pulled back from overnight highs as escalating geopolitical tensions weigh over risk sentiment and send oil price higher.\nWhat to know : Bitcoin slipped to about $62,900 after renewed military conflict between Iran and Israel rattled global markets and sent Asian stocks sharply lower. Oil prices jumped more than 3% and Asian equity indexes tumbled, even as President Trump urged Israel not to retaliate further against Iran. Rising oil and Treasury yields, recent outflows from spot bitcoin ETFs and broader risk-off sentiment have already driven bitcoin down about 14 percent, with volatility likely to stay elevated amid U.S. inflation data and major IPOs.