Trump’s comments on Iran ignite crypto markets, Bitcoin price plummets: Details

The price of Bitcoin fell to its lowest level in weeks, near $76,650, as the digital currency market suffered a sharp sell-off amid rising geopolitical tensions after U.S. President Donald Trump issued new threats against Iran.

Bitcoin prices failed to maintain the $82,000 level reached last Thursday, with losses then accelerating in the final hours as concerns grew over the collapse of a ceasefire deal between Iran and Israel.

Trump warned Iran in a post on the “Truth Social” platform that time was running out and called on Tehran to take quick action or there would be nothing left. This intensified the state of panic in global markets and high-risk assets, especially digital currencies.

Market data shows that the value of forced liquidations within 24 hours exceeded approximately US$660 million, including more than US$610 million in just a few hours after Trump’s statement, and traders who bought positions faced huge losses.

Bitcoin has also fallen by more than $5,000 since its last peak above $82,000, with losses extending to most alternative currencies amid a general decline in risk appetite.

On the other hand, news of a U.S.-China trade understanding failed to calm markets, despite reports that Beijing agreed to buy billions of dollars worth of Boeing aircraft and U.S. agricultural products.

Observers believe that markets are likely to remain highly volatile in the coming days as global political tensions continue and investors await any new developments in U.S. politics and the global economy.

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