Key Insights:
- The crypto market crashed as the US gave Iran a 48-hour deadline to reopen the Strait of Hormuz.
- Bitcoin, Ethereum, and XRP face sharp daily declines amid market uncertainty.
- Iran warns US it may target energy and tech infrastructure in retaliation.
As geopolitical tensions flare up once again, the crypto market is finding itself caught in the crossfire. Amid Trump’s renewed pressure on Iran to reopen the Strait of Hormuz, oil prices are moving higher.
With these escalating US-Iran war tensions and surging oil prices, the crypto market is facing significant pressure. Top assets like Bitcoin, Ethereum, and XRP have once again plunged into the negative zone.
