Bitcoin Under Pressure After Trump's Iran Rhetoric
Bitcoin weakened about 2% to US$66,512 on Thursday after US President Donald Trump adopted a more hawkish tone in his national address regarding the Iran conflict, including a threat to hit Iran "very hard" in the coming weeks. From the White House, Trump said the US military was "very close" to completing "Operation Epic Fury" and claimed to have inflicted significant damage to Iran's nuclear infrastructure, navy, and weapons, including drone and missile capabilities.
However, Trump also stated that negotiations were still ongoing, with the US demanding Iran disclose its nuclear program, secure strategic shipping lanes, and stop supporting proxy groups, while Iran demanded a permanent ceasefire, compensation, and the complete withdrawal of US troops from the region. This escalation in rhetoric has weighed on short-term risk sentiment and put pressure on assets like Bitcoin, although hopes of diplomacy limiting further losses and keeping prices vulnerable to geopolitical developments. (asd)
Source: Newsmaker.id