Bitcoin fell to its lowest level in more than three months on Wednesday, extending a broad cryptocurrency market decline as investors reacted to a combination of corporate selling, continued outflows from Bitcoin exchange traded funds (ETFs), and escalating geopolitical tensions in the Middle East.

The world’s largest cryptocurrency dropped as much as 3% during trading, touching an intraday low of around $64,800 before recovering slightly. The decline dragged down major altcoins including Ether, Solana, Cardano, XRP and Binance Coin, while meme cryptocurrencies also posted losses.

The latest downturn highlights growing uncertainty in digital asset markets at a time when investors…