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Crypto Market Plunges Amid Escalating US-Iran Tensions

Guavy AI Editorial Team
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The crypto market has taken a hit in recent hours, with the total market cap falling to $2.68 trillion, down 1.0% over 24 hours.

BTC slipped to $77,664.88 and ETH dropped to $2,417.73, with the sell-off linked to escalating U.S.-Iran tensions over the weekend.

American forces struck two Iranian rocket launchers on Larak Island in southern Iran on Sunday, according to CENTCOM spokesperson Navy Capt. Tim Hawkins.

The strike was intended to protect civilian mariners and commercial shipping in the Strait of Hormuz, one of the world's most critical oil transit routes.

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