Crypto Market Faces Volatility Amidst Rising Global Tensions

Global tensions have fueled volatility in the cryptocurrency market over the past week. This unease was reflected in significant downturns experienced by cryptocurrencies Wednesday and Thursday, reminiscent of warning signals from former President Trump before larger threats. The subsequent announcements led to a substantial market correction, pushing prices down sharply. As the market recovers, U.S. Treasury Secretary Bessent issued further commentary on the unfolding situation.