Recent events related to Donald Trump's statements and the conflict in Iran have led to a decline in cryptocurrency prices. Investors are concerned about the potential rise in oil prices and additional sanctions against Russia.
Decline in Cryptocurrency Prices
Although ETH and BTC lacked initial momentum, they have begun to decline steadily. There is a risk of further rapid drops in the coming days and hours.
Trump's Sanctions Statements
Trump stated that if Russia does not reach a settlement with Ukraine within ten days, secondary sanctions will be imposed. He also remarked, 'I am considering secondary sanctions on Russian oil. If I sanction Russia, I am not worried about oil. We have plenty of oil in the U.S. and we will increase production.'
Market Prospects
In light of the threat from Russia, oil prices have surged more than 5%. Trump suggests there is no cause for concern regarding this increase, indicating that 'oil prices are currently quite low.' Investors should be cautious as high volatility may occur in the market. Should Russia respond with equally strong measures, tensions could significantly escalate, affecting the cryptocurrency market.
Given Trump's recent statements and the potential rise in oil prices, the cryptocurrency market faces instability. Investors should closely monitor the situation.
