According to The Kobeissi Letter, Iran is experiencing a near-total nationwide internet blackout, with just 3% of the country currently having internet connectivity (source: The Kobeissi Letter, June 18, 2025). This disruption is likely to significantly affect local access to cryptocurrency exchanges and trading platforms, particularly for Bitcoin (BTC) and Ethereum (ETH). Traders should monitor for volatility in peer-to-peer (P2P) crypto markets and potential liquidity shifts, as Iranian traders may be unable to participate in global markets, impacting regional trading volumes and possibly influencing global BTC and ETH price movements.

According to The Kobeissi Letter, Iran is currently undergoing a near-total nationwide internet blackout, with only 3% internet connectivity as of June 18, 2025. This significant disruption is likely to hinder access to global cryptocurrency exchanges, limit local trading volume, and may temporarily suppress on-chain activity involving BTC and other cryptocurrencies within the region. Traders should monitor potential impacts on global liquidity, especially for peer-to-peer (P2P) markets and cross-border USDT transactions, as such outages could lead to increased volatility or arbitrage opportunities in decentralized markets. Source: The Kobeissi Letter Twitter, June 18, 2025.