Prices retreated from overnight highs as Iran-Israel tensions and an oil rally weighed on Asian stocks, reflecting a broader shift away from risk assets.
Bitcoin, Ether, XRP and other cryptocurrencies eased from their overnight highs as investors turned more cautious. The pullback came as Iran-Israel tensions and a rally in oil prices fueled risk aversion in Asian stocks, a pattern that often spills into digital assets because traders frequently treat cryptocurrencies as higher-risk positions during periods of geopolitical stress and broader market unease.