A new shock in the Middle East:
The crypto market’s decline accelerated after Iran’s Islamic Revolutionary Guard Corps (IRGC) said it had destroyed a US early-warning radar in Bahrain in response to an airstrike on a communications tower in Sirik, Iran. Iran called it a “serious warning.” Meanwhile, WTI crude remained steady at around $88, suggesting there was no panic in commodity markets.
The crypto market’s decline accelerated after Iran’s Islamic Revolutionary Guard Corps (IRGC) said it had destroyed a US early-warning radar in Bahrain in response to an airstrike on a communications tower in Sirik, Iran. Iran called it a “serious warning.” Meanwhile, WTI crude remained steady at around $88, suggesting there was no panic in commodity markets.