President Donald Trump is considering resuming full-scale military operations against Iran if his demands are not met. Bitcoin dropped over 3% in July after the ceasefire collapsed and strikes resumed in the Strait of Hormuz. In June 2026, the US Treasury sanctioned Nobitex, Iran’s largest digital asset exchange, along with three other Iranian digital asset channels, as part of a campaign called Economic Fury. The cryptocurrency market remains sensitive to geopolitical fluctuations, with prices rebounding when de-escalation signals emerge. Polymarket hosted a 120 million dollar market related to a potential permanent peace deal in Iran.
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