Crypto and stocks tumble after Trump declares ceasefire ‘over’ following Iran strikes
Bitcoin fell, altcoins slid after Trump said the ceasefire with Iran is “over” as U.S. and Iran traded airstrikes.
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Summary
- Bitcoin and ether fell more than 2% after Trump declared the ceasefire “over” and said negotiating with Iran is a “waste of time.”
- His comments came after U.S. airstrikes on IRGC boats in the Strait of Hormuz and Iranian attacks on Bahrain and Kuwait.
- Altcoins bore the brunt, with $350 million of the $450 million in total liquidations coming from altcoin pairs and JUP, ETHFI and PUMP losing between 5.5% and 9.3%. Solana wiped out its entire July rally.
