Trump has backed out again! The crypto market plummeted, losses are exploding! Just a few days ago he was sending positive signals about negotiations with Iran, but then he backed out again. Trump's message is: We don't need a deal with Iran; those days are long gone. We control hundreds of billions of dollars of their money, and we control their straits! Damn, the market dreads this kind of back-and-forth. We were hoping for a de-escalation of tensions between the US and Iran, lower oil prices, and reduced inflationary pressures, but one sentence has brought geopolitical risks back to the forefront. The crypto market is already very fragile; with continuous outflows from ETFs and leveraged funds withdrawing, any negative news can be amplified.