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Iran’s Rial Crashes to a Record Low as New Sanctions Target Its Bitcoin Mining Lifeline

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: Iran’s rial collapsed to a record low this week just as President Trump’s new sanctions package named digital assets as a target for the first time, threatening the IRGC’s billion-dollar bitcoin mining workaround. A Record-Low Rial and a New Sanctions Wave Iran’s open-market exchange rate slid to roughly 2.02 million rials per dollar earlier this […] Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Sanctions targeting Iranian BTC mining may reduce global hash demand.

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Iran’s Rial Crashes to a Record Low as New Sanctions Target Its Bitcoin Mining Lifeline — Crypto Insight