Bitcoin and major cryptocurrencies declined as escalating U.S.-Iran tensions fueled a broad risk-off move, pushing market sentiment deeper into fear. Analysts remain divided in the near term, with some waiting for bullish momentum signals before adding exposure, while others continue accumulating BTC during the summer consolidation.

Leading cryptocurrencies moved sideways, while stock futures slid on Sunday evening amid investor concerns over escalating U.S.-Iran tensions.

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.