Trump declared the US-Iran ceasefire over at the NATO summit. Bitcoin dropped over 2% to $62,000 as oil surged and risk-off sentiment hit crypto markets.

Washington launched strikes on the Islamic Republic overnight in response to ships being hit in the Strait of Hormuz. Iran retaliated by targeting US bases in the Gulf.

US President Donald Trump said Wednesday the ceasefire with Iran was "over" following major exchanges of fire between US forces and the Islamic republic. Trump blasted Iran as…