Bitcoin slipped 2.1% to $68,183 as risk appetite weakened ahead of President Trump's deadline for Iran to reopen the Strait of Hormuz.
Oil prices rose above $110 per barrel amid Strait of Hormuz disruptions, heightening inflation worries and driving investors to USD.
Bitcoin ETFs recorded $471.3 million net inflows, led by BlackRock’s IBIT ($181.9 m), Fidelity’s FBTC ($147.3 m) and ARKB ($118.8 m).
Altcoins fell sharply, with Ethereum down 3.9% to $2,073, Cardano over 5% and Dogecoin 2.6% losses.