Major cryptocurrencies saw little movement on Wednesday, while the broader stock market finished lower as renewed hostilities between the U.S. and Iran cooled investor appetite for risk.
Crypto Market Stagnates
Bitcoin climbed to an intraday peak of $62,788 before encountering significant resistance. Dogecoin both experienced <a multiple targets" in Iran, citing Tehran's "unwarranted and continued aggression." Earlier in the day, Trump remarked that Iran "took too long" to negotiate a deal and would have to "pay the price."
U.S. Central Command forces initiated additional self-defense strikes today at 5:15 p.m. ET, targeting various locations in Iran under the direction of the Commander in Chief. These actions were taken in response to Iran’s unwarranted and continued aggression.
