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US President Donald Trump announced that he has ordered the deployment of two nuclear submarines near Russia following escalating tensions. This move is being seen as a response to harsh statements by former Russian President Dmitry Medvedev.
Trump shared the following on Truth Social: “Just in case these foolish and inflammatory statements are not just words, I have ordered the stationing of two nuclear submarines in appropriate areas.”
The escalating geopolitical tensions quickly impacted cryptocurrency markets. In the hour following the incident, Bitcoin fell by 0.43%, Ethereum by 0.97%, XRP by 0.99%, BNB by 0.43%, Solana by 1.01%, Dogecoin by 1.07%, TRON by 0.10%, and Cardano by 1.06%.
*This is not investment advice.