Bitcoin and Ethereum prices are under pressure after Citigroup postponed its interest rate cut schedule. Strong US labor market and inflation concerns are delaying the Federal Reserve's interest rate cut. Spot exchange-traded funds (ETFs) saw inflows of $591 million, indicating investor interest.

Everyone, the current Middle East situation is highly uncertain. The deadline at 8 PM on April 7 has passed. Here are roughly four possible scenarios and their impacts: First, reaching a ceasefire agreement. I personally think this probability is relatively low. There are reports of negotiations for a 45-day temporary ceasefire. If successful, the Strait of Hormuz will reopen, and oil prices could quickly fall back to $80–$90. Bitcoin may benefit from improved liquidity and break through 75,000, while gold might see a correction! Second, limited military strikes. If the strikes target bridges, power plants, and similar targets without a full invasion, oil prices will hover between $115–$130. Bitcoin is likely to fluctuate between 65,000 and 72,000, and Saudi Arabia won't be able to fill the supply gap, so oil prices will remain supported. Third, full-scale escalation of conflict. If Iran retaliates against U.S. military bases or blocks the Strait of Mende, Brent crude could surge to $150, Bitcoin could fall below 65,000, and funds will flock into gold as a safe haven, pushing gold prices above $5,000. Even if a ceasefire occurs later, damaged facilities and ongoing supply concerns will keep oil prices high. Fourth, prolonged stalemate between both sides. I believe this is the most likely scenario. If negotiations fail and no major fighting occurs, the market will remain in a wait-and-see mode. Iran may refuse a permanent ceasefire and not agree to a temporary compromise, and mediators are also pessimistic. The market will likely be stuck oscillating between 67,000 and 70,000, as in previous situations!

Bitcoin Bitcoin and Ethereum prices came under pressure after Citigroup postponed the Federal Reserve's interest rate cut from June to September. The cryptocurrencies are experiencing a price correction, with Bitcoin stabilizing around the $68,000 support level, while Ethereum is trading above $2,000. Prevailing geopolitical concerns, particularly those related to the US-Iran relationship, have exacerbated risk aversion.