The post Trump Speech Triggers Crypto Sell-Off as Oil Prices Jump appeared first on Coinpedia Fintech News

Crypto prices today declined alongside global risk assets as rising oil prices and geopolitical tensions affected investor sentiment. The move followed recent public remarks by Donald Trump referencing continued conflict involving Iran and potential disruptions to energy supply routes.

Oil prices rose more than six percent to above $103, based on market data, amid concerns around the Strait of Hormuz, a major corridor for global oil shipments. Higher energy prices have increased inflation risks, which may delay potential interest rate cuts by central banks. Rising rates typically reduce liquidity in financial markets and can…