Crypto markets extended their losses overnight after Bitcoin dropped under $76,000 on Friday and later touched $74,300 Saturday morning amid growing concerns over possible renewed US military action against Iran despite continuing backchannel talks.
Sources told CBS News that no final decision had been made Friday, but preparations were underway across parts of the US military and intelligence community. Some officials reportedly canceled Memorial Day weekend plans amid concerns about a possible escalation.
President Trump also changed his own schedule, canceling plans to attend Donald Trump Jr.’s wedding this weekend and returning to the White House.
The developments come as the US and Iran hold fragile negotiations following a temporary ceasefire reached in early April.
The White House says President Trump is firm that Iran must never obtain a nuclear weapon or keep enriched uranium. Officials have warned that all military options are on the table if Tehran refuses the latest American proposal.
