Coinbase analysts have flagged inherent risk to the crypto market ahead of President Donald Trump’s April 6 deadline on the Iran deal. Trump had earlier threatened to scale up attacks on Iran’s electric power plants after bombing one of its bridges. 

From a market perspective, Coinbase’s global head of investment research, David Duong, said the standoff could put crypto in a ‘precarious position.’ He added, 

The deadline is more about how a drawn-out standoff could reprice geopolitical risk premia across energy and risk assets. That once again leaves crypto in a precarious position for this upcoming weekend.

In case of a deal, Duong noted that oil risk could stabilize and “revert risk assets to macro fundamentals across…