The cryptocurrency market broadly corrects on Monday, as risk-averse sentiment persists amid fresh military attacks between the United States (US) and Iran in the Middle East. Bitcoin (BTC) hovers above $63,000, reinforcing a weak technical structure while Ethereum (ETH) trades below $1,800 with the next key support near $1,700. Meanwhile, Ripple (XRP) wobbles around the immediate $1.08 support after correcting for the third consecutive day.

Fresh US-Iran attacks weigh on the crypto market

The United States (US) Central Command (CENTCOM) confirmed a second consecutive day of airstrikes targeting dozens of Iranian military positions on Sunday, seeking to further diminish Iran’s capability to threaten commercial shipping in the Strait of…