Bitcoin fluctuates near its two-week low as tensions escalate in the Middle East, disrupting risk appetite.

Bitcoin fell to a low of $67,371 in early Asia trading on Monday, the lowest since March 9, then fluctuated around $68,000 for most of the time. This weakness reflects a general retreat in risk assets after the escalation of the Middle East situation over the weekend. BTC Markets analyst Rachael Lucas said, "The main trigger is geopolitics. President Trump issued a 48-hour ultimatum - threatening to destroy an Iranian power plant if the Strait of Hormuz is not reopened - pushing Brent crude prices higher."