Analysis: Trump Issues "48-Hour Ultimatum" to Iran, Triggering Risk Aversion and Broad Decline in Major Crypto Assets

Odaily reported that due to Trump issuing a 48-hour ultimatum to Iran and threatening to strike power facilities, bitcoin quickly retreated over the weekend, falling below the $69,200 mark, with a 24-hour decline of about 2.2% and a weekly drop expanding to 3.1%. Dragged down by market sentiment, mainstream crypto assets also weakened simultaneously: Ethereum dropped to around $2,114, and XRP, BNB, Solana, Dogecoin, etc. all recorded varying degrees of decline.

This week, the Federal Reserve kept interest rates unchanged, and its dovish stance should have supported risk assets, but the continuous stream of war risk news has made traders hesitant to make large unilateral bets. Previously, the rebound driven by expectations of a ceasefire was quickly reversed over the weekend. Analysts believe 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. Combined with disruptions to about 20% of global oil and natural gas transportation, this may continue to suppress the performance of risk assets. (CoinDesk)