On Tuesday, Bitcoin (BTC USD) experienced a decline of over 2%, falling to approximately $68,000 as market volatility surged due to U.S. President Donald Trump's impending deadline concerning Iran. This drop eliminated gains from the previous day when Bitcoin had briefly surpassed $70,000 for the first time since March. Ether (ETH) also mirrored this weakness, decreasing by up to 2.8% before recovering slightly. The overall crypto market is feeling the effects of geopolitical tensions, particularly following reports of Iran rejecting a ceasefire proposal, which has kept many investors cautious. As a result, investor sentiment has turned bearish, with analysts noting a lack of conviction among traders. The ongoing conflict has also led to significant fluctuations in other markets, with oil prices surging by approximately 50% and gold prices declining by more than 10%. Despite these challenges, Bitcoin has shown resilience, with U.S.-listed spot Bitcoin ETFs recording $471.3 million in net inflows recently, suggesting continued institutional interest. Currently, Bitcoin is trading within a narrow range of $65,000 to $75,000, and traders are looking for a clear trigger to determine the next significant market movement.