In a metallic crystal structure, the atomic radius is half of the bond length between two adjacent atoms. Given the Fe-Fe bond length of 2.48 Å, we can calculate the atomic radius of iron as follows:
\[
\text{Atomic Radius} = \frac{\text{Bond Length}}{2} = \frac{2.48}{2} = 1.24 \text{ Å}.
\]
Thus, the correct radius of the iron atom is 1.24 Å.