Analysis: Trump's 48-hour ultimatum to Iran triggered risk aversion, causing a general decline in mainstream crypto assets.

Odaily Planet Daily reports that Bitcoin fell sharply over the weekend, breaking below the $69,200 mark, a 24-hour drop of approximately 2.2%, and a weekly decline of 3.1%, influenced by Trump's 48-hour ultimatum to Iran and threats to strike power facilities. Dragged down by market sentiment, major crypto assets also weakened: Ethereum fell to approximately $2,114, while XRP, BNB, Solana, and Dogecoin all recorded varying degrees of decline. The Federal Reserve maintained its interest rate unchanged this week, and its dovish stance should have supported risk assets. However, continuous news of war risks prevented traders from making large one-sided bets. The previous market rebound driven by ceasefire expectations quickly reversed over the weekend. Analysts believe that if Iran does not restore passage through the Strait of Hormuz within the deadline, the conflict may escalate further to the energy infrastructure level. Coupled with the disruption of approximately 20% of global oil and gas transportation, this could continue to suppress the performance of risk assets. (CoinDesk)