Crypto Market Tumbles Amid Rising Tensions Between Iran and the U.S.

June 22, 2025 — The global cryptocurrency market experienced a sharp decline today as rising geopolitical tensions between Iran and the United States caused panic among investors.

Bitcoin dropped by over 8% in early trading, falling below $60,000, while Ethereum and other major altcoins followed with similar losses. The sell-off came after reports of escalating military activity and the temporary shutdown of several crypto exchanges in the Middle East region.

According to analysts, the uncertainty surrounding the possibility of war is pushing investors toward safer assets like gold and the U.S. dollar, causing high volatility in the crypto space.

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Some exchanges reportedly paused trading due to security concerns and disruptions in internet access in affected regions. Experts warn that continued instability could trigger further declines in the crypto market.