Crypto Markets Pause as US Launches Economic Campaign Against Iran

Crypto markets are holding back today following a strong week of gains, coinciding with a major geopolitical announcement from Washington. The timing is no coincidence, as Scott Bessent's launch of Operation Economic Outcast against Iran has injected caution into the market.

XRP has surged 49.5% this past week but remains nearly flat over the last 24 hours, trading near $1.48. Bitcoin and Ethereum also posted significant weekly gains, with prices increasing by 23.4% and 29.8%, respectively.

Bessent's announcement frames Iran's financial networks as a target for global isolation, aiming to leave the regime 'no minimal breathing space' to rebuild funding sources tied to the Islamic Revolutionary Guard Corps.