US-Iran Conflict Sparks Global Market Turmoil

The recent uptick in tensions between the United States and Iran has had far-reaching consequences for global markets, including the crypto market.

According to recent reports, President Trump announced that his country would not retaliate for its airstrike until its objectives are met, leading to a brief recovery in the crypto market before it resumed its downward trend.

The price of Bitcoin fell below $67,000, with altcoins following suit. The Ethereum (ETH) price slipped by around 3%, while SOL and XRP showed similar losses.

Israel's new air strikes on Tehran triggered a further crash in the crypto market, which experts warn could worsen if strikes continue.