A naukri.com initiative
Coindoo
3w
203
Image Credit: Coindoo
USA Joins the War With Iran: Crypto Market Crashes
- President Donald Trump has declared strikes a success, warning of 'far greater' force if Iran retaliates, escalating tensions.
- Domestic reaction in the US is divided with calls for impeachment and defense of action against Iran's nuclear ambitions.
- Internationally, leaders expect potential retaliation beyond direct military action, like cyberattacks or disruptions to global oil supply routes.
- Approximately 40,000 US troops in the region raise concerns for further escalation.
- In the crypto space, mentions of 'Iran' surged, impacting the market.
- Bitcoin initially stable, but broader crypto market has since seen significant downturns over the past week.
- Ethereum fell by nearly 10%, Solana by 7.34%, Bitcoin by 2.48%, XRP and BNB also recorded losses.
- Analysts monitoring geopolitical situation and crowd's reaction in the crypto community to assess market impact.
- Sustained impact on market dynamics to be revealed in the coming days and weeks.
- Geopolitical tensions between US and Iran to shape investor sentiment and crypto market trajectory.
- Crypto Market Crashes in response to USA joining war with Iran.
Read Full Article
12 Likes
For uninterrupted reading, download the app