The United States paused its strikes on Iran after 13 consecutive nights of bombing campaigns targeting Iranian facilities deemed a threat to shipping routes through the Strait of Hormuz. This military escalation triggered a classic risk-off flight that drained approximately $80 billion from the total crypto market capitalization. Bitcoin dropped from around $65,500 to below $64,000, representing roughly a 2.3 percent decline. Oil prices surged above $100 per barrel for the first time since May, raising concerns about inflation and tighter monetary policy. President Trump confirmed that diplomatic talks with Tehran are underway while emphasizing that the US military remains ready to resume operations if negotiations stall.
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