Bitcoin Slumps Below $68,600 as Institutional Demand Remains Muted

The crypto market has taken a turn for the worse, with Bitcoin's price dropping below $68,600 in the last 24 hours.

The ongoing war in the Middle East is causing uncertainty over a US-Iran ceasefire plan, which is sidelining institutional demand and leading to poor inflow into spot Bitcoin ETFs.

Traders remain cautious, with further selloff expected if market conditions don't improve.