Wall Street retreats from record highs as US-Iran tensions spike crude oil prices, dragging Bitcoin to $73K and the crypto market cap down 2.8% in 24 hours.

US-Iran military strikes push Brent crude to $102 per barrel while Bitcoin falls below $73K with over $1B in crypto liquidations amid risk-off sentiment.

(Bloomberg) -- A renewed rally in oil drove bonds lower while stocks fluctuated as a report that Iran will halt exchanges of messages with the US cast doubt on a ceasefire renewal.