Heightened Iran‑U.S. tension adds to the broader risk‑off narrative driving the current bearish crypto market, while the regime’s tighter control may spur underground crypto usage as a hedge against sanctions. This convergence of political risk and sanctions‑driven demand for non‑sovereign assets can create a short‑term divergence between Bitcoin (as a safe‑haven) and risk‑on altcoins.

Iran's Assembly of Experts selected Mojtaba Khamenei as the country's new supreme leader.