Bitcoin Falls Below $62,000 as US-Iran Conflict Escalates
Oil prices jumped above $75 a barrel as traders priced in higher inflation and a possible Federal Reserve rate hike, pressuring Bitcoin.
- On Wednesday, President Donald Trump declared the US-Iran ceasefire "over" during a NATO summit in Ankara, Turkey, causing Bitcoin to drop below $62,000 after Wall Street opened.
- Escalating tensions in the Middle East pushed West Texas Intermediate crude oil above $75 per barrel, while the ceasefire's collapse triggered daily Bitcoin price downsides circling 2.5%.
- Crypto analyst Michaël Van de Poppe identified $61,000 as a "crucial" support level, noting the price remains hovering above $60,000 despite Middle East tensions.
- Recent events shifted Federal Reserve policy expectations, with data from the CME Group FedWatch Tool indicating a 55% probability of an interest-rate hike in 2026.
- Trader Jelle told followers on X that a "textbook Bitcoin bottom" is underway, with analysts suggesting market stabilization could occur within 1-2 days.
27 Articles
27 Articles
Bitcoin Slides Below $62,000 as Trump Declares Iran Ceasefire ‘Over’
Bitcoin fell more than 3% on Wednesday to around $61,500, after President Donald Trump said the fragile US ceasefire with Iran was over. Ether and Solana dropped with it as traders pulled back from risk. Oil rose about 5%, with US crude climbing to near $77 a barrel. “For me, I think it’s over,” Trump said at the NATO Summit, following U.S. attacks on Iran in response to attacks on cargo ships in the Strait of Hormuz. “As far as I’m concerned it…
US-Iran ceasefire collapse revives risks of global inflation
China called on the United States and Iran to stick with peace plans after a resumption of missile strikes in the Middle East spurred a jump in oil prices. “Reigniting the conflict does not serve any party’s interests,” a spokesman for China’s Ministry of Foreign Affairs said on Wednesday. “We call on the US and Iran to follow through on their memorandum of understanding, resolve disputes through dialogue and negotiation, and avoid resorting to …
Bitcoin tumbled as renewed geopolitical tensions rattled digital asset markets, eclipsing what had been a muted reaction to Strategy Inc.’s latest sale of the token earlier in the week.
Donald Trump vows fresh Iran strikes as Bitcoin slips below $62K
Bitcoin has dropped below the $62,000 mark after U.S. President Donald Trump has threatened another round of military strikes against Iran, raising concerns that the conflict could intensify further. According to President Trump, speaking at the NATO Summit in Ankara,…
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