Top Cryptos Decline Massively as Israel-Iran War Escalates With the US Involvement
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- War fears triggered a crypto selloff last week.
- The US launched an attack on Iran, bombing three nuclear enrichment sites.
- Bitcoin declined 7.5% amid growing fears over the Israel-Iran war escalation.
The cryptocurrency market experienced a massive selloff last week amid growing fears of war escalation. Bitcoin and other top cryptos’ prices pulled back following rumors that the US may get involved and attack Iran over claims of the Asian country’s illegal nuclear enrichment.
The rumors became reality early Sunday morning when the US launched an attack on Iran, bombing three of the country’s major nuclear sites. According to reports, President Trump said the strikes “totally obliterated” Iran’s nuclear enrichment facility. He further advised Iran to “make peace” or face “greater attacks” in the future.
Related: Israel-Iran Driven Crypto Crash; Traders Watch if ETH Holds $2,400 and ADA Holds $0.58
Iran’s foreign minister, Abbas Araghchi, has responded to the attack by the US, describing it as outrageous and warning that it would have everlasting consequences. Meanwhile, the UN’s nuclear watchdog has said that it did not obser…
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