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Should You Sell (or Avoid) Cryptocurrencies Due to the Conflict With Iran?

Should You Sell (or Avoid) Cryptocurrencies Due to the Conflict With Iran?

When Israeli and U.S. forces started attacking Iran on Feb. 28, crypto markets moved before U.S. stock exchanges opened. Bitcoin (BTC +1.35%) wobbled, then clawed its way back above $71,000 within days, which is roughly where it is now, two weeks later. So far, crypto prices haven’t collapsed, and majors like Ethereum, (ETH +1.34%), Solana, (SOL +0.91%) and XRP (XRP +1.03%) have actually held up pretty well despite the volatility.

If you’re wondering whether to sell your coins right now, don’t do it. But if you’re still worried, or wondering if you should avoid buying more crypto, there’s a lot to unpack here, so let’s investigate what’s happening, what could happen, and what you should do about it.

An investor worriedly sits at a desk and writes into a notebook while referring to a computer late at night.

Image source: Getty Images.

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