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.