Cryptocurrencies just heard some not-so-pleasant things from US Treasury Secretary Bessent. Sanctions are being initiated. Russia cannot give Trump what he wants, and China will put into effect export controls against the USA on November 1. Recent developments do not look good for cryptocurrencies. It would not be surprising if there was a decline in the coming hours.
Cryptocurrencies May Fall
Russia Tensions will increase with China and Bessent has just mentioned that G7 countries may jointly retaliate against China. Moreover, a few minutes ago, we learned that the USA lifted the restriction on Ukraine for the use of long-range missiles. The agenda is very busy. US Treasury Secretary Bessent said the following at the time the article was being prepared;
“Chinese Everything is on the table in the talks with Any export controls will be done in coordination with G7 allies.
A significant increase in Russian sanctions is expected. “We will announce Russia sanctions today or tomorrow.”
Guess what else just happened? According to WSJ sources, the United States allowed Ukraine to use long-range missiles supplied to it by Western allies. Thus, rockets will be able to fall into the inner regions of Russia. This will anger Putin, but Trump thinks more missiles hitting the center of the country will persuade Putin to make peace.
The United States recently approved the sale to Ukraine of 3,350 missiles and launchers with a range of 150 to 280 miles. And here is the bombshell news: Trump and NATO Secretary General will meet here in half an hour. trump He may point the finger at Russia.
Just a quick note cryptocurrencies It will probably not welcome both the increased tension on the trade side and the increase in geopolitical tension, and the decline we will see in the coming hours would not be surprising.
BTC is just above $108,000 for now.
