Bitcoin Jumps As Trump Mixes Threats And Iran Talks
Oil prices were already pushing higher when Bitcoin caught a sudden jolt. Crude climbed to about $112 a barrel on Monday morning after the Middle East war and the Strait of Hormuz shutdown added new pressure to energy markets, while one market watcher warned that if prices stay near that level for weeks, US inflation […]
Related News
A five-day strike pause ordered by US President Donald Trump after diplomatic talks with Iran sent Bitcoin soaring above $70,000 over the weekend, marking one of the sharpest risk rallies in weeks. Related Reading: Strait Of Hormuz Crisis Deepens After Trump Deadline – Crypto Markets Brace For Volatility The announcement came after Trump confirmed that […]
Crude oil climbed back above $100 a barrel and Bitcoin slipped as US President Donald Trump used a White House address to say the military campaign in Iran was close to wrapping up, while also warning that more strikes could come in the next two to three weeks. Related Reading: Bitcoin Ends 5-Month Losing Run — Real Reversal Or Just April Fool’s Hype? Markets Move First Bitcoin fell about 2% during the speech, and the price was later reported at $66,400, down from where it started the address. Oil moved the other way, with crude rising to $103.55 a barrel after easing earlier in the week.....
Iran told the International Maritime Organization this week that non-hostile ships could pass through the Strait of Hormuz. That single statement was enough to send Bitcoin back above $70,000 — a level it had been struggling to hold as tensions between Washington and Tehran kept traders on edge. Related Reading: Shiba Inu Flirts With $0.0000052 Support As Exchange Supply Swells A Volatile 48 Hours For Bitcoin The ride up was not smooth. For roughly two days, Bitcoin whipsawed as headlines shifted by the hour. US President Donald Trump threatened to bomb Iranian power plants. Then he....
As Iran plans to scrap the use of US dollar as reserve currency, there are speculations of it being replaced by Bitcoin. Iran could pave the way for the adoption of Bitcoin as a foreign reserve currency. The reports of Iran moving away from US dollar as the preferred reserve currency in retaliation to the travel ban issued by Trump administration has led to this speculation. Until recently, Iran has been under sanctions for its nuclear program. With the sanctions relaxed last year, there were signs of trade and diplomatic relations between Iran and the United States returning to normalcy.....
The prospect of a US military withdrawal from Iran within the next 15 to 20 days is already sending ripples through the global markets. From the price of Bitcoin to the cost of a barrel of crude, investors are scrambling to figure out if we are looking at a genuine de-escalation or just a temporary […]