Crypto under weekend pressure, bitcoin slides below $80,000 on U.S. Middle East evacuations
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The U.S. is quickly evacuating personnel from embassies and military bases throughout the Middle East as intelligence suggests Iran is prepping attacks against Americans, the Saturday morning.
Key facts
- Crypto prices are sinking to multi-week lows, with bitcoin now down by 2.2% over the past 24 hours to $79,700
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- Iran has substantially increased efforts to target U.S. personnel,” wrote Jay Clayton, the director of national intelligence, in a Friday memo to Secretary of State Marco Rubio
- These evacuations appear to go well beyond reports from earlier this week that the U.S. was ordering some diplomatic staff in Saudi Arabia to vacate
Summary
The U.S. is quickly evacuating personnel across the Middle East on threat of Iranian attacks, the WSJ reported. Crypto prices are in broad decline on Saturday, with bitcoin slipping to its weakest level in more than one month. “Iran has substantially increased efforts to target U.S. personnel,” wrote Jay Clayton, the director of national intelligence, in a Friday memo to Secretary of State Marco Rubio. These evacuations appear to go well beyond reports from earlier this week that the U.S. was ordering some diplomatic staff in Saudi Arabia to vacate.