Bitcoin fell to $62,900 as oil prices surged over 3% to $93.50 amid renewed Iran-Israel conflict, dragging crypto and equities into risk-off territory.

BTC has pulled back from overnight highs as escalating geopolitical tensions weigh over risk sentiment and send oil price higher.

BTC, ETH, XRP and others pulled back from their overnight highs as Iran-Israel tensions and oil rally triggered risk aversion in Asian stocks.