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US-Iran escalation wipes $80 billion from crypto markets as Senator Cotton pushes for more strikes

Crypto Briefing·July 19, 2026·1 min read
US-Iran escalation wipes $80 billion from crypto markets as Senator Cotton pushes for more strikes

Senator Tom Cotton called for sustained US strikes on Iran after $80 billion in crypto market losses from geopolitical tensions. Bitcoin and Ethereum were rattled by the escalation. The losses wiped value from the broader crypto market as conflict fears intensified.

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