Dollar surge pressures crypto markets after escalation in Iran conflict

Risk assets and cryptocurrency markets declined Tuesday as the U.S. dollar strengthened to near two-month highs amid renewed military escalation in Iran. The geopolitical tension drove investors toward safe-haven assets, pressuring crypto and other risk-on investments.

• →U.S. dollar strengthened to near two-month high following Iran military escalation.
• →Risk assets fell across the board including cryptocurrency markets.
• →Geopolitical tensions drove flight to safe-haven assets away from crypto.
• →Military escalation in Iran created broader market uncertainty.