Most cryptocurrencies fell on Tuesday amid mounting geopolitical tensions in the Middle East, and with increasing odds of a US military intervention against Iran.

Recent data showed US retail sales fell 0.9% m/m to $715.4 billion in May, while analysts expected a 0.6% drop, as auto sales drop following Trump’s tariffs. 

Later today, the Federal Reserve will convene and discuss policies, and will announce its decision tomorrow, widely expected to hold interest rates unchanged at below 4.5%. 

Markets were concerned after US President Trump urged Iranians to evacuate Tehran on Tuesday, coinciding with his early leave from the G7 meeting in Canada. 

Trump is now convening with his national security advisers to potentially discuss an intervention against Tehran on behalf of Israel.

Ripple

Ripple tumbled 5.8% on Coinmarketcap as of 20:35 GMT to $2.19.