"I can say tonight that we are on track to achieve all of America's military objectives very soon. Very soon, within the next two to three weeks, we will strike them with full force," said U.S. President Donald Trump.
Just a day earlier, Bitcoin was moving toward the 69,000$ level. However, sentiment shifted following the new developments: within 24 hours, the price fell by 2.65% to approximately 66,320$.
Geopolitics puts pressure on the crypto market
The broader cryptocurrency market also declined. Ethereum lost 2.89% and is trading around 2,044$. XRP dropped by 2.26%, while BNB came under stronger pressure, falling 4.4%. The most notable decline was seen in Solana, which fell 5.6% and dropped below the 80$ level.
Traditional markets also reacted. S&P 500 futures declined by 1.40%, while the Nasdaq dropped 1.769%. Meanwhile, the oil market emerged as a beneficiary of the situation. Amid rising geopolitical tensions, oil prices increased by 6.54% within 24 hours. Overall, the situation once again highlights how sensitive markets are to geopolitical signals.
"In any case, when this conflict ends, the strait will reopen on its own. It's simple. They will want to sell oil, as it's their only way to finance reconstruction. Oil flows will resume, gasoline prices will fall quickly, and stock markets will also recover rapidly," Trump concluded.
The latest geopolitical rhetoric once again demonstrates the sensitivity of crypto markets to global risks. Investors are shifting toward safer assets as uncertainty rises. Further developments in geopolitical tensions will likely remain a key driver for crypto market volatility.
