Bitcoin Leads Fall in Cryptocurrencies Amid Iran Tensions

Bitcoin was leading a fall in cryptocurrencies as renewed tensions over Iran prompted investors to shun risky assets.

President Donald Trump ramped up pressure on Iran to negotiate a deal on its nuclear program, warning that a “massive armada” of U.S. warships is moving quickly towards the country.

Iran’s foreign minister Abbas Araghchi said the country’s armed forces were ready to respond to any military action.