Crypto World News reports that Bitcoin quickly retreated over the weekend, falling below the $69,200 mark with a 24-hour decline of about 2.2%, and a weekly decline of 3.1%. This was influenced by Trump issuing a 48-hour ultimatum to Iran and threatening strikes on power facilities. Market sentiment dragged down mainstream cryptocurrencies: Ethereum dropped to around $2,114, while XRP, BNB, Solana, Dogecoin, and others also experienced varying degrees of decline. The Federal Reserve kept interest rates unchanged this week, and its dovish stance was expected to support risk assets. However, ongoing war risk news prevented traders from making large unilateral bets. Previously, the market’s rebound driven by hopes of a ceasefire quickly reversed over the weekend. Analysts believe that if Iran does not restore shipping through the Strait of Hormuz within the deadline, the conflict could escalate further to energy infrastructure, compounded by the disruption of about 20% of global oil and natural gas transportation, which may continue to suppress risk asset performance.
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