US President Donald Trump has reportedly demanded Iran's unconditional surrender, raising concerns about a prolonged conflict in the Middle East. This development has coincided with a broad market sell-off, impacting both cryptocurrency and major stock indexes.
In the cryptocurrency market, major tokens experienced significant dips. Bitcoin fell 3.61% to $67,944.41, and Ethereum dropped 4.50% to $1,975.85. Meme coins like DOGE and SHIB also saw declines.
Major US stock indexes followed suit, with the Dow and Nasdaq shedding value, and the S&P 500 also declining. Gold and silver, however, stood out as exceptions, showing gains.
The market reaction appears to be influenced by geopolitical tensions and anticipation of upcoming economic data, including inflation figures and unemployment rates.