Bitcoin fell below $63,000 as geopolitical tensions between Iran and Israel escalated, impacting global markets. The cryptocurrency traded at $62,806.40, retreating from a Sunday high of $63,776. The conflict led to a sharp decline in Asian stocks, with South Korea's Kospi index dropping over 6.8% and Japan's Nikkei falling more than 3%. The renewed military conflict also drove WTI crude oil futures up by over 3% to $93.50, reflecting heightened market volatility. U.S. President Donald Trump urged restraint, requesting Israeli Prime Minister Benjamin Netanyahu to avoid further retaliation. The situation has contributed to increased volatility in financial markets, with Bitcoin experiencing a 14% drop last week amid various pressures, including rising U.S. Treasury yields and capital outflows from spot Bitcoin ETFs.