Israeli Strikes Jeopardize US-Iran Peace Deal, Crypto Prices Plummet

The recent US-Iran peace deal has sparked uncertainty in the cryptocurrency market. XRP, Bitcoin, and Ethereum have all fallen by 3-4% following Israeli strikes in southern Lebanon that threaten to unravel the agreement.

The strikes have raised concerns that the deal may collapse like it did in April, when a ceasefire was signed but ultimately failed due to continued hostilities in Lebanon. The US-Iran deal includes an immediate and permanent end to fighting on every front, with Iran specifically naming Lebanon as a key area of concern.

Israel's actions have put pressure on the fragile agreement, with both sides yet to fully stand down. The market is now losing trust in the ceasefire, causing prices to drop. XRP has fallen from $1.18 to around $1.12, while Bitcoin and Ethereum are also experiencing downward pressure.