The crypto market crash accelerated on Saturday as the war in Iran continued, pushing crude oil and natural gas prices to the highest level in years. Bitcoin sank to $67,000, while Ethereum dropped to $1,700. Other top losers were tokens like Kite, Ethena, Sky, Zcash, and Aptos, which fell by over 6% in the last 24 hours.

Crypto Market Crash Resumes as Crude Oil Prices Soar

The main reason for the ongoing crypto crash is fear that the ongoing war in Iran will continue for a long time, a move that has already caused an energy shock that will lead to higher inflation over time.

Data shows that Brent, the global benchmark, surged to $92 on Friday, almost double where it started the year…