The global markets have experienced a downturn due to increased risk aversion, affecting various asset classes including cryptocurrencies. The situation was exacerbated by geopolitical tensions and concerns over oil supply disruptions.
According to recent developments, US President Donald Trump has postponed the deadline for potential military action against Iran until April 6. Although this move may be seen as a temporary extension for negotiations, it has contributed to ongoing uncertainty.
This uncertainty has led to increased pressure on markets, causing oil prices to rise and US futures indices to decline. The cryptocurrency market has also been impacted, with major assets experiencing significant losses.