Crypto markets are experiencing heightened volatility as Donald Trump’s recent actions raise concerns about potential sanctions against Russia. The Bitcoin price has soared past $118,700 despite uncertainties surrounding these potential developments. Trump’s previous statements regarding severe sanctions on Russia have sparked market jitters, with the possibility of secondary sanctions coming into effect this week if negotiations fail between Trump and Putin during their upcoming meeting in Alaska. 2nd-in-command of the Trump cabinet, Vance, has also discussed further sanctions against Russia potentially affecting major players like China and India, who are heavy importers of Russian oil. This adds to a growing tension between the US and China, with trade negotiations already being strained by extended tariffs on China expected in two days. If these sanctions are implemented, they will likely impact global markets significantly, including the cryptocurrency market.