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As risk appetite weakens in global markets today, the cryptocurrency market also turned red due to geopolitical tensions. Notably, declines in major assets such as Bitcoin and XRP drew attention.
This negative market outlook came after U.S. President Donald Trump postponed a potential military action against Iran to April 6. The decision suggests a temporary window for negotiations, but ongoing uncertainty has kept investors cautious. While Trump stated that talks are progressing well, reports that Iran is hesitant to negotiate and that the Pentagon is considering deploying additional troops have increased risks.
Meanwhile, disruptions in the Strait of Hormuz, which is critically important for global energy markets, have heightened concerns over oil supply and added pressure on markets. Amid these developments, oil prices continued to rise, while U.S. futures indices and crypto assets declined.
Selling pressure in the crypto market spread across the board. Bitcoin fell to its lowest in two weeks, dropping to $65,928, losing about 4% in the last 24 hours. Similarly, Ethereum declined by 3.8%, reaching $1,984.
INVESTMENT WARNING NOT
#BitcoinWeakens $BTC $ETH