Bitcoin and other cryptocurrencies slid again as escalating geopolitical tensions between the United States, Israel, and Iran triggered renewed risk-off sentiment across global markets.

Bitcoin fell as much as 3.3 per cent on Sunday, dropping to around $68,150, its weakest level since early March.

The selloff was even sharper across altcoins, with Ether losing nearly 5 per cent to about $2,050, while Solana, XRP, and Cardano also recorded notable declines amid broad market pressure.

Bitcoin has been in a steady decline since the start of the conflict, falling roughly 20 per cent since the United States and Israel launched strikes on Iran in late February.

The pullback has challenged a long-standing narrative in crypto markets that Bitcoin can serve as a safe-haven asset during periods of geopolitical stress.

However, analysts say other forces are also contributing to the decline.

Rising energy prices may also be adding pressure on the sector by increasing the cost of mining Bitcoin, further dampening sentiment