Crypto and Asian markets experienced declines as tensions between the US and Iran escalated. Bitcoin and other assets fell following threats from both nations regarding critical infrastructure.
On Monday, Bitcoin and Asian markets dropped as Iran intensified threats to strike Gulf infrastructure amid ongoing US-Iran conflict. US President Donald Trump warned of severe retaliation against Iranian power plants if the Strait of Hormuz was not opened within 48 hours. In response, Iran vowed to retaliate against US and Israeli assets in the Gulf and threatened to close the Strait, a crucial oil shipping route.