Analysis: Trump's "48-Hour Ultimatum" to Iran Triggers Risk-Off Sentiment, Leading to Broad Decline in Major Crypto Assets

Odaily News According to Odaily, influenced by Trump issuing a 48-hour ultimatum to Iran and threatening to strike power facilities, Bitcoin experienced a rapid decline over the weekend, falling below the $69,200 mark, with a 24-hour drop of approximately 2.2% and a weekly loss widening to 3.1%. Dragged down by market sentiment, mainstream crypto assets weakened in sync: Ethereum fell to around $2,114, while XRP, BNB, Solana, Dogecoin, and others all recorded varying degrees of decline.

This week, the Federal Reserve kept interest rates unchanged, and its dovish stance should have supported risk assets. However, continuous news of war risks has made traders hesitant to place large one-sided bets. The market rebound previously driven by ceasefire expectations was quickly reversed over the weekend. Analysis suggests that if Iran does not restore passage through the Strait of Hormuz within the deadline, the conflict may further escalate to the level of energy infrastructure. Coupled with disruptions affecting about 20% of global oil and natural gas transportation, this could continue to suppress the performance of risk assets. (CoinDesk)