Trump Iran Strikes Push Bitcoin Under $77K as Oil Jumps

The crypto market faced renewed selling pressure on Tuesday, November 3, as geopolitical tensions flared again in the Middle East. Total crypto market capitalization fell 1.7% following reports of military actions on Iran's Qeshm Island, reviving fears of a prolonged conflict and pushing oil higher. The broader market impact of the Donald Trump Iran strikes pushed crude oil prices up by more than 1.6%, with Brent crude above $106.95 a barrel, as hopes for an immediate diplomatic resolution quickly faded.