Israeli Strikes Derail Peace Deal, Crypto Prices Plummet

A signed peace deal between the US and Iran has fallen apart after just days due to fresh Israeli strikes in southern Lebanon.

The market had initially reacted positively to the agreement, with XRP rising to $1.13, Bitcoin reaching over $67,000, and Ethereum surpassing $1,700.

However, the Israeli attacks have put the deal's viability into question, causing a sharp decline in crypto prices - XRP has fallen by around 7%, while Bitcoin and Ethereum have dropped by 3-4% each.

The collapse of the peace agreement is a repeat of what happened in April, when a ceasefire between the US and Iran fell apart due to similar Israeli strikes in Lebanon. This time around, traders are taking a cautious approach, selling their risk assets rather than holding onto them.