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BTC, XRP, ETH: Major tokens under pressure due to US strikes on Iran

CoinNetwork
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Crypto news from Biejie.com, on Tuesday, due to an airstrike between the United States and Iran, Bitcoin (BTC) and the broader cryptocurrency market faced downward pressure. The price of BTC fell to $62,657, down nearly 1% from midnight UTC. Ethereum (ETH), Ripple (XRP), and Solana (SOL) all dropped between 1% and 2.3%. Meanwhile, WTI crude oil futures rose by more than 2%, reaching $72.27. The United States said it had launched a “powerful strike” against Iran in response to attacks on three vessels in the Strait of Hormuz. In response, Iran said it had retaliated against “85 U.S. military facilities.” The escalation appears to be pushing the ceasefire between the two countries to the brink of collapse. Since the outbreak of the Iran war in late February, oil prices had at one point broken above $100 per barrel, causing a global inflation shock. Although oil prices have since fallen back below $60, consumers’ inflation expectations continue to rise, leading to increased concerns about interest rate hikes worldwide, including in the United States.
BTC-1.67%
ETH-1.54%
XRP-1.61%
SOL-2.36%
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GateUser-0b71fc11
· 19h ago
Waiting for a de-escalation signal, otherwise 62k won't hold.
View OriginalReply0
AirdropCheck-InOfficer
· 20h ago
WTI up 2%, BTC down 1%. Is the market still calm?
View OriginalReply0
On-ChainSoilAfterTheRain
· 20h ago
Inflation expectations are rising again, giving the Fed a headache.
View OriginalReply0
MidnightReconciler
· 20h ago
The memory of oil prices breaking 100 is still fresh. Can it hold steady this time?
View OriginalReply0
PixelPnl
· 20h ago
Three ships for 85 facilities, how does the math work?
View OriginalReply0
PositionLikeACat
· 20h ago
Geopolitics explodes, capital flees first. Same old script.
View OriginalReply0

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