Leading cryptocurrencies plunged alongside stock futures on Sunday evening after President Donald Trump’s latest warning to Iran spooked investors.

Leading cryptocurrencies plunged alongside stock futures on Sunday evening after President Donald Trump’s latest warning to Iran spooked investors.

Investors are concerned that high oil prices could fuel inflation to the point where the Fed may raise interest rates, analysts say.

BTC and ETH sank after Donald Trump warned Iran the “clock is ticking,” sending oil higher and triggering broad crypto liquidations.

Bitcoin has broken below $77,000, following $290.4 million in net outflows from Bitcoin ETFs on Friday, while Ethereum ETFs reported $65.7 million in net outflows.