United States Treasury Secretary Scott Becent announced that Washington would launch a new economic initiative against Iran ' s financial network. At the time of the news release, the encryption market moved to a sorting after a week of marked increase, and bitcoin, the Ether and XRP were reduced by almost 24 hours.
Main currency, short and steady.
Over the past week, mainstream encryption assets have generally grown stronger, but the increase has slowed considerably in the daytime. Reports indicate that the XRP has increased by 49.5 per cent in the past week, but within 24 hours it has remained almost flat, at about US$ 1.48. Bitcoin reported about US$ 78738, an increase of 23.4 per cent in the last week; the Taifeng reported about US$ 2468, an increase of 29.8 per cent in the last week.
Solana and Hyperliquid also recorded large weekly increases of about 26.6 per cent and 13 per cent, respectively. On the whole, the market did not continue its earlier rapid upswing, but went into the lookout phase.
US plus pressure on Iran
Becent indicated that the operation would target Iran ' s financial and trade networks used to circumvent sanctions, with emphasis on oil smuggling and cross-border financial flows. He named it “Operation Economic Abandonment”, which was aimed at cutting off the remaining external financing routes in Tehran.
According to him, the United States Department of the Treasury had addressed the key nodes on which Iran relied to circumvent global sanctions and would work in concert with other federal agencies to reduce the sources of revenue associated with the Islamic Revolutionary Guard Corps.
Market interest in changing risk preferences
Sanctions involving Iran and the escalation of the geographical situation have triggered short-line fluctuations in global markets on several occasions over the past year. Even if the measures were not directly targeted at financial markets, they often led to a short-term shift towards prudence.
The encryption market performed similarly this time. The mainstream currency is still growing significantly on the weekly line, but within 24 hours, the overall trend is over, indicating that traders are assessing whether a new round of sanctions will further affect global risk sentiment.
If the geo-situation situation continues to heat up, market volatility may be further exacerbated; if external shocks are limited, the current trend is more like a short period of consolidation after rapid increases.