Bitcoin remained rangebound, with its recent gains still keeping the crypto squarely within a trading range seen through most of June.
The Iran-Israel conflict was the biggest point of pressure on risk assets, especially after Trump called for an immediate evacuation of Tehran. His comments ramped up concerns that the U.S. will directly enter the war, marking a major escalation.
But the White House clarified that the U.S. will not directly participate in the war.
An Axios report showed that Iranian and U.S. officials were seeking to hold talks this week on a nuclear deal and a ceasefire, although there was no clarity whether these talks will materialize.
Iran was also seen rejecting earlier reports that it was seeking a ceasefire.
While worsening geopolitical tensions entail little actual impact on crypto markets, their speculative nature makes them sensitive to swings in sentiment. $BTC #IsraelIranConflict 
