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Crypto Markets Plunge on Iran Conflict Fears

Guavy AI Editorial Team
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BTC
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The crypto market has taken a hit, with Bitcoin slipping to $76,680, down 1.56% over the past day.

This decline is part of a broader trend, with the total crypto market cap falling to $2.58 trillion, down 1.66% on the day.

The trigger for this market downturn appears to be the recent US strikes against Iranian targets near the Strait of Hormuz, which have caused oil prices to surge to their highest level in 40 days.

President Trump confirmed the strikes and warned Iran against retaliating, stating he 'couldn't care less' whether Tehran signs any deal.

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