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Cryptocurrency Under Pressure: How Sanctions and New Developments Impact the Market

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by Giorgi Kostiuk

14 days ago


Recent global events, including sanctions against Iran and changes in US financial policy, have significantly impacted the oil and cryptocurrency markets.

Sanctions and Markets: Oil Under Pressure

On April 23rd, oil prices surged nearly 1% after the US imposed fresh sanctions on Iran. This led to a rise in Brent and WTI prices to $68.05 and $64.27 per barrel, respectively. A drop in US crude inventories by 4.6 million barrels points to increased market volatility.

Qubetics: Innovating in the Blockchain Space

The Qubetics project offers tools to simplify working with Web3. The QubeQode interface allows users to create blockchain applications without coding. Its library of pre-coded templates also speeds up the development process. The Qubetics ecosystem positions itself as an aggregator of major blockchains, providing solutions to meet real user needs.

Prospects for Other Cryptos

According to updates, Aptos is preparing for a significant token unlock on May 12th, which could lead to price changes. The Helium project has long-term potential, linked to the growing demand for IoT services; CoinCodex forecasts HNT could reach $12.58 by early 2026.

Cryptocurrencies continue to be influenced by external factors, while projects such as Qubetics represent new avenues for addressing existing market challenges. The difference in these approaches may be key to their success in uncertain conditions.

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