Bitcoin, XRP, Ethereum Drop as Iran Rejects Trump Peace Plan. Why War Is Hitting Cryptos.

Cryptocurrencies, including Bitcoin (BTC), XRP, and Ethereum (ETH), experienced declines following geopolitical tensions as Iran rejected a U.S. peace plan. This highlights how traditional geopolitical instability, typically seen as a driver for safe-haven assets, can paradoxically create short-term selling pressure in nascent markets like crypto due to overall risk-off sentiment. Investors should watch for further escalation or de-escalation of Mideast tensions and their broader impact on global markets.