Trump’s Statement on Iran Halts Bitcoin, XRP, and Cardano Surges: Details

Digital currency markets continued to be volatile at the start of the week after U.S. President Donald Trump’s statement on Iran’s latest proposal halted a rally that had pushed Bitcoin prices to their highest levels in three months, while major currencies such as XRP and Cardano quickly lost momentum.

Bitcoin had a strong week last week, rising to $80,800 at the start of the week before suddenly and temporarily falling over $2,000.

However, the currency soon regained balance and returned above $80,000 before continuing its rise and hitting a new high near $82,800 on Wednesday.

But after gaining more than $8,000 in a week, the market entered a natural correction phase, especially on Thursday and Friday, when the price of Bitcoin fell to around $79,100.

However, buyers pushed prices back above $80,000 over the weekend.

The first few hours of Monday saw a new wave of volatility in the market, with Bitcoin first rising to $81,500, then falling to $80,250, before jumping again to $82,500.

However, Trump’s statement that Iran’s latest proposal was completely unacceptable sent the market into a rapid sell-off that saw the currency fall below $81,000.

Despite the recent decline, Bitcoin’s market capitalization remains stable at around $1.62 trillion, while its dominance of the alternative currency market remains above 58%.

In terms of alternative currencies, digital currencies

However, the currency came under selling pressure and soon lost gains and fell back to the $1.45 range.

Cardano (ADA) experienced a similar move after failing to sustain recent gains and returning to near previous levels.

Ethereum, BNB, Solana, Tron and Doge also saw limited daily gains, but were still below the peaks set late on Sunday.

On the other hand, SUI became the biggest winner of the digital currency, rising more than 12% in 24 hours, while ZEC fell more than 6%. In addition, HYPE and UNI also recorded losses.

The total digital currency market capitalization fell to about $2.78 trillion after surpassing $2.83 trillion in late trading on Sunday, reflecting caution in markets despite recent attempts at recovery.

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