Crypto Traders on Tenterhooks as Oil Prices Signal Risks

Digital assets are trading cautiously as US markets re-open in the aftermath of bombings in the Middle East, with traders watching for knock-on effects across oil, equities and currencies.

Bitcoin and other cryptocurrencies — which trade 24/7 — took a hit on Saturday after the US announced it had begun a bombing campaign against Iran. A cautious rebound followed news that Iran’s Supreme Leader Ayatollah Ali Khamenei had been killed. Tehran responded with a wave of strikes against Israel, as well as US bases and other targets in states including Saudi Arabia, Qatar, the United Arab Emirates, Kuwait and Bahrain.