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.” Related News: How Are Bitcoin and Ethereum Prices Performing in August? Historical Data Speaks for Itself 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. Continue Reading: HOT MOMENTS: Donald Trump’s Nuclear Threat Hits Cryptocurrencies – Here’s the Latest Data