If you have installed react-native-cli globally uninstall using
npm uninstall -g react-native
npm uninstall -g react-native-cli
and then install again using
npm uninstall -g react-native
npm uninstall -g react-native-cli
This error is specifically for 0.69.0 version. You can also do
npx react-native init ProjectName --version="0.68.2"