Trump Iran War Signals Lift Crypto, Sink Oil Prices

Oil prices experienced a significant drop, falling 28% from a four-year high of $118 to around $85, following President Trump's initial comments suggesting the war with Iran was nearing completion. He claimed Iran had “nothing left” militarily. However, Trump subsequently intensified his rhetoric on Truth Social, threatening severe consequences if Iran disrupts oil flow through the Strait of Hormuz. Cryptocurrencies saw modest gains, with Bitcoin reclaiming $70,000 and Ether hovering above $2,000. Experts suggest crypto will continue to follow other risk assets, with oil prices being a key driver. While some anticipate a strong crypto rally if the conflict de-escalates, others foresee continued uncertainty and tradable bounces, positioning Bitcoin as a potential store of value during the period.

(Source：Cointelegraph)