Bitcoin sees "massive" shorting as $62,000 risks failing as support and stocks turn red on US-Iran tensions over the Strait of Hormuz.

Bitcoin held near $63,000 as the US launched a third round of Iran strikes, Tehran closed the Strait of Hormuz and Brent crude surged 4.5% at the open.

Crypto's weekend gains gave way to a Monday selloff as Middle East tensions resurfaced, South Korea's Kospi lost 9.2% and $253 million in leveraged positions were wiped out.