Due to contradictory statements from U.S. and Iranian officials regarding nuclear negotiations and regulation of the Strait of Hormuz, markets experienced sharp declines and spikes, with Brent crude oil prices falling more than 10%, while Bitcoin prices rose nearly 4% at one point before experiencing some pullback. Iran's Security Council denied all concessions announced by President Trump, creating a significant gap between geopolitical perception and reality, which triggered intense market volatility. The technical levels of XRP and Bitcoin remain critical, with analysts pointing out that potential conflicts and oil supply risks persist.