What happened
Iran has paused its retaliatory strikes against the United States, citing the absence of American attacks for two consecutive nights, according to Iranian state media.
Why it matters for the market
The announcement was made by Iranian military spokesman Mohammad Akraminia, who stated that since the US did not strike Iran over the past two nights, Tehran has halted its own retaliatory operations.
The move signals a potential de-escalation in Middle East tensions after a period of heightened conflict.
What traders should watch
For crypto markets, a reduction in geopolitical risk could decrease safe-haven demand and lower intraday volatility, though traders should remain alert to any sudden shifts in the situation.
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