US and Iran Pause Strikes as Markets Wait for Monday’s Verdict
The US and Iran both stopped their strikes, ending 13 consecutive nights of American bombing and leaving crypto traders holding the only liquid read on the pause.
Bitcoin (BTC) traded near $64,463 on Sunday, up 0.7% over the past 24 hours, while the 10 largest digital assets posted modest gains. Oil and equity markets, however, closed before the strikes stopped.
US and Iran Pause Strikes
AP reported that the US paused its airstrikes on Friday after nearly two weeks of intensifying attacks. A US Department of Defense source told CNN that operations were on hold.
Iran has also stated that strikes on Gulf states and US interests in the region would be halted. Army spokesman, Amir Akraminia, confirmed it on Sunday.
"Our strategy has essentially been retaliatory, we have also halted our retaliatory operations," Akraminia said.
The New York Times reported that Trump shelved plans for a broader campaign due to dwindling US air defense supplies. CNN noted that Gen. Dan Caine flagged concerns about munitions stockpiles.
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