Bitcoin tumbles back toward $60,000 as tensions in the Middle East rise

Cryptocurrencies were under pressure Wednesday, after bitcoin slid back to $60,000 to kick off what is usually one of its strongest months.

The flagship crypto was last off by more than 1% at $60,767.64, according to Coin Metrics. Earlier it briefly dipped as low as $59,983.64. Ether last traded lower by 5% at $2,367.11.

Crypto exchange Coinbase hovered under the flat line while bitcoin proxy MicroStrategy…