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Crypto markets crash after US bombs Iran, Texas to add Bitcoin to official reserves | Weekly Recap

Published 3 hours ago1 minute read

Crypto markets crash after US bombs Iran, Texas to add Bitcoin to official reserves | Weekly Recap

A turbulent week in crypto ended with a sharp market downturn, as Bitcoin, Ethereum, and major altcoins plunged following U.S. airstrikes on Iran’s nuclear sites ordered by President Donald Trump.

While geopolitical shockwaves rattled prices and NFTs posted a double-digit drop, crypto venture funding remained surprisingly resilient, and Reddit made headlines for exploring iris-scanning technology to tackle identity challenges in the age of AI.

  • Under Elon Musk’s ownership, the platform is evolving into an all-in-one financial hub, with CEO Linda Yaccarino confirming plans to integrate a wide range of financial services.
  • The move builds on Musk’s crypto-friendly reputation and aims to position X as a central platform for both social and financial activity.
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