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On June 23, 2025, Iran launched a barrage of missiles targeting U.S. military bases in Qatar, Iraq, Bahrain, and Kuwait in direct retaliation to the earlier American strike on Iranian strategic locations. This major military development could mark a dangerous new phase of regional conflict — and markets are reacting swiftly.
Bitcoin News and Crypto Crash: What's Next?
This sharp escalation is already weighing on risk markets. Bitcoin ($BTC), which had briefly recovered above $100,000 following its drop during the initial U.S. strike, is now showing signs of renewed weakness. Analysts warn that if panic sets in again, BTC could drop to $92,000, dragging the altcoin market down with it.
The crypto market — already shaken by geopolitical uncertainty — may be headed for another major correction if this conflict widens. Traders are advised to brace for increased volatility in the coming hours.
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