U.S.-Iran Conflict Sends Crypto Markets Reeling

The cryptocurrency market experienced significant turbulence on Tuesday following confirmation of U.S. military operations targeting Iranian Revolutionary Guard positions.

BTC plummeted to $76,762 after breaching critical support zones at $78,000 and $77,000 in rapid succession.

Ethereum also broke below the $2,400 threshold during the same timeframe, with approximately $115 million in leveraged long positions being forcibly closed in a single 60-minute window.

Traditional financial markets mirrored the crypto selloff, with the S&P 500 index retreating to levels not witnessed since early August and U.S. government bond yields climbing higher due to concerns over inflation trajectories and expanding fiscal obligations.