Bitcoin price fell on Tuesday, retreating below the $68,000 level as global markets turned risk-averse ahead of escalating geopolitical tensions tied to a deadline set by U.S. President Donald Trump regarding Iran. The move erased gains from the previous session, when the asset briefly pushed above $70,000 for the first time since March.

The bitcoin price dropped as much as 2.2% intraday and was last trading around $68,000, with broader digital asset markets also under pressure. 

The selloff comes as global markets react to rising uncertainty over the Middle East, where political and military tensions have intensified following Trump’s warning that Iran could face “severe…

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