The United States and Iran are engaged in a fresh round of tensions after the US Central Command announced that it has launched further strikes on Iranian targets. The strikes aim to degrade Iran's ability to threaten navigation in the Strait of Hormuz, which the US claims was recently attacked by Iran.
The US stated that commercial vessels and civilian sailors were targeted in these 'unjustified attacks'. In response, the Iranian Armed Forces' missile and drone units have threatened a large-scale attack on US bases in the Middle East. However, US President Trump has indicated that Iran is willing to negotiate, saying they 'want to make a deal.'
The escalating tensions have had an impact on the cryptocurrency market, with Bitcoin experiencing a 2.03% drop to $62,214 over the last 24 hours, according to Bitget market data.