Trump’s Foretold ‘Fateful 10 Days’—Where Is the Volatile Crypto Market Headed Amid Iran Risks?

▲ Oil prices surge amid rising tensions in the Middle East… Bitcoin holds above $66,900 despite extreme fear / Gemini-generated image

As international oil prices surge amid escalating geopolitical tensions in the Middle East, the cryptocurrency market is testing its resilience, with Bitcoin (BTC), the market leader, posting a slight rebound despite extreme fear.

On the 19th (local time), renewed concerns over a potential military clash between the United States and Iran pushed April Brent crude futures up 1.9% from the previous session to $71.66 per barrel, while March West Texas Intermediate (WTI) crude rose 1.9% to $66.43, marking their highest levels in about six months. U.S. President Donald Trump warned Iran that without a meaningful agreement, bad things would happen, adding that the outcome would be known within the next ten days—further heightening tensions across global financial markets.

This macroeconomic anxiety has heavily weighed on investor sentiment in the crypto market as well. As of 8:45 a.m. KST on the 20th, CoinMarketCap data showed the Crypto Fear & Greed Index at 11, indicating a state of “extreme fear.”

Nevertheless, despite severe market anxiety, the total cryptocurrency market capitalization rose 0.51% over the past 24 hours to $2.3 trillion, demonstrating resilience. In particular, Bitcoin traded at $66,988.75, up 0.83% from the previous day, showing its ability to withstand downward pressure amid geopolitical turmoil.

In contrast, major altcoins moved in the opposite direction of the leading cryptocurrency. Ethereum (ETH) fell 0.15% over the past 24 hours to $1,950.30, while XRP declined 0.78% to $1.40, remaining under pressure.

Market observers say Bitcoin is once again being tested as a potential “alternative safe-haven” asset amid instability in traditional financial markets. With tensions lingering in the Middle East and the ten-day deadline hinted at by President Trump, oil prices and macroeconomic indicators are likely to remain volatile, suggesting the cryptocurrency market may continue to experience heightened volatility and cautious trading in the near term.

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