New Crypto Projects to Watch After Trump’s Iran Airstrikes
Markets just got rattled. After Trump ordered airstrikes on Iran’s nuclear sites, crypto took a tumble. XRP slid nearly 16% in the last month, dipping from around $2.47 to $2.04 amid panic across the market. Meanwhile, $595M in bullish bets were wiped out during the crash, as U.S. military action triggered massive liquidations across Bitcoin, […]
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The market’s leading crypto, Bitcoin (BTC), dipped below the $100,000 mark for the first time in over a month on Sunday, following US airstrikes on Iran as conflicts in the middle east continue to escalate. This decline, which saw the Bitcoin price drop approximately 4% to around $99,300, coincided with a broader market sell-off, with Ethereum (ETH) experiencing an even sharper decline of nearly 10%. Overall, the total cryptocurrency market took a significant hit, falling about 7% in just 24 hours. Geopolitical Unrest And Tariff Troubles The timing of this downturn was particularly....
On Jan. 29, the governor of the Central Bank of Iran Valiollah Seif officially announced during a national television interview that the US dollar will no longer be used within the country as a response to US President Donald Trump’s controversial temporary travel ban on certain countries including Iran. According to the official statement of the Iranian central bank and Seif, the government intends to terminate the usability of US dollars in Iran and replace USD with a stable reserve currency that is more frequently used in foreign trades. Currently, the central bank of Iran are exploring....
In a surprising and sudden move, Trump has signed an executive order that enacts a complete ban of entry into America from citizens of seven countries: Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen. Except for Iran, most of them are or have recently been war zones with three of the countries – Iran, Sudan and Syria – already on the US State Sponsors of Terrorism list. Restrictions were expected as he promised them during his campaign, but the indiscriminate nature of the ban, combined with its initial application to green card holders, raised questions regarding Trump’s commitment to....
Bitcoin ($BTC) bounced back to $101K late Sunday, shaking off losses incurred after US and Israeli airstrikes on Iranian nuclear sites early that morning. Amid the chaos, BitMEX’s Arther Hayes predicted that $BTC will rebound thanks to ‘its safe haven status.’ As $BTC looks to strengthen its position as a store of value, now could […]
Bitcoin holds its ground as Trump’s tariffs put investors on the back foot and projects like $ETH, $DOGE, and BTC Bull Token, that are directly connected to $BTC’s success, may capitalize on it. Despite the White House’s positive outlook on the crypto market, which culminated with Trump’s Bitcoin Reserve earlier this month, the February 1st, […]