The US military's strikes on Iran sent shockwaves through global markets, leading to a 1.24% decline in cryptocurrency prices.
Brent crude oil rose 2.05% to $75.68 per barrel after the re-imposition of sanctions on Iranian oil, causing higher inflation worries and weighing on risk assets.
Crypto markets moved in the opposite direction, with Bitcoin trading near $63,551, down 0.59% over 24 hours.
The pullback came after a strong week for digital assets, but higher oil prices tend to fuel inflation concerns that push expectations of interest rate cuts further out.