Cryptocurrency Market Volatility Driven by Geopolitical Tensions

Cryptocurrency markets experienced significant volatility this week, driven largely by escalating geopolitical tensions around the globe. Notably, a recent US-China trade agreement reached in London has further impacted prices. Increased tensions in the Middle East, including the withdrawal of diplomatic personnel from the region following stalled nuclear negotiations, have fueled market uncertainty and led investors to sell off assets. Furthermore, reports of potential Israeli military action against Iranian nuclear facilities have heightened global concerns, leading to a sharp surge in oil prices.