Cryptocurrency Market Downturn Continues Amidst US-Iran Uncertainty

The cryptocurrency market has been affected by concerns over the US-Iran ceasefire deal, causing a downturn in prices across various tokens.

XRP is trading lower for a second consecutive day, below its weekly peak of $1.40, at around $1.33 as of Thursday's writing time.

Zcash (ZEC) is also down, trading at $312, weighed by the deteriorating market sentiment due to the uneasy ceasefire between the US and Iran.

The broader crypto market, including Bitcoin and Ethereum, is struggling to hold onto modest early-weekly gains as concerns over the US-Iran deal keep markets on edge.