The United States may soon be war with Iran, and the cryptocurrency market doesn’t like the prospect.
Bitcoin
It has fallen 3.8% in the past 24 hours, with another $104,000 trade. Coindesk 20 (through market cap, excluding the top 20 cryptocurrency indexes of Stablecoins, Exchange Coins and Memecoins) lost 6.1% in the same period, with Ether and Solana both down 7% and SUI down almost 10%.
Cryptocurrency stocks also took a hit, with Coinbase (Coin), Strategy (MSTR) and Circle (CRLC) all down 2%-3%, and Bitcoin miners such as Bitdeer (BTDR), Riot Platforms (Riot), CleanSpark (Cleanspark), Cleanspark (clsk), Hive (Hive) and Hut 8 (Hut 8 (Hut) 8 (HUT) (HUT) down 6%-7%-7-7%.
President Donald Trump suggests that the United States may soon be involved in the conflict between Israel and Iran, the market move.
“We know exactly where the so-called ‘supreme leader’ is hidden,” Trump Posted On social media, it is referring to Iran’s head of state Ali Khamenei. “He’s an easy target, but he’s safe there – we won’t take him out (kill!), at least not now. But we don’t want missiles shot at civilians or American soldiers. Our patience is thin.”
Trump also called on Iran to surrender unconditionally and asked Tehran residents to evacuate the city. According to the White House, the National Security Council convened and Trump himself ruled the G7 summit to focus on the issue.
Chances of military operations against Iran by July Soaring to 65% of the polymer market.
“The sudden escalation of the Iran-Israel conflict has introduced a large amount of geopolitical risk premiums that prompted immediate flight from risky assets, and cryptocurrencies have not proven immunity,” said Javier Rodriguez-Alarcón, chief investment officer of XBTO.
He added: “The geopolitical situation remains a wildcard; any reliable escalation in the Middle East can serve as an important risk catalyst, and further deterioration may trigger the transfer of another risk asset.”
Matteo Greco, senior analyst at Finequia, shared the same view, adding that the war could ultimately have a significant impact on the U.S. economic outlook. “If Israeli military operations affect Iran’s oil production, oil prices could intensify, which exacerbates inflationary pressures,” Greco said.
