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Reading: New Developments Between Iran and the US Cause Major Drop in Bitcoin and Altcoins – Here Are the Details
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Mycryptopot > Market > New Developments Between Iran and the US Cause Major Drop in Bitcoin and Altcoins – Here Are the Details
Market

New Developments Between Iran and the US Cause Major Drop in Bitcoin and Altcoins – Here Are the Details

June 25, 2025 2 Min Read
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New Developments Between Iran and the US Cause Major Drop in Bitcoin and Altcoins – Here Are the Details
mycryptopot

Tensions within the Center East are rising quickly. The Iranian Parliament has accepted a invoice to shut the strategically vital Strait of Hormuz.

The choice will want approval from Iran’s Supreme Nationwide Safety Council to be totally applied. A member of the Nationwide Safety Committee of the Iranian Parliament mentioned the Revolutionary Guards are prepared to shut the strait if needed.

mycryptopot

However, there have been notable statements and strikes from the US and Israel. Israeli President Isaac Herzog acknowledged on CNN’s State of the Union program that Iran’s nuclear program had not been utterly eradicated, however had suffered critical injury. Herzog additionally acknowledged that they didn’t need to draw the US right into a conflict.

The Pentagon has accelerated the method of sending a second plane provider group to the area, NBC reported, citing senior American officers. The USS Nimitz plane provider and its accompanying destroyers have been dispatched to the area and are anticipated to reach subsequent week. Washington is reported to be preserving two plane provider teams within the Center East for a minimum of a month.

US President Donald Trump introduced this morning {that a} profitable bombardment had been carried out on three nuclear services in Iran and that these services had been “destroyed.” Israel acknowledged that they’d acted in “full coordination” with the US in these assaults, whereas Iranian officers acknowledged that the services had been hit however claimed that there have been no critical casualties.

“Iran nonetheless has the army capability to assault our forces within the Center East,” a US official instructed Al Jazeera.

mycryptopot

Rising geopolitical dangers have additionally negatively affected cryptocurrency markets. Within the final hour, Bitcoin fell by 1.87% to $100,718, whereas Ethereum misplaced 3.1% to $2,197.

*This isn’t funding recommendation.

mycryptopot

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