The Bitcoin and cryptocurrency market continues to be in turmoil as tensions in the Middle East escalate, especially after U.S. President Donald Trump left the G7 summit early and posted a concerning message regarding Tehran.
According to Reuters, Mr. Trump has requested the National Security Council to prepare for an emergency meeting in the White House Situation Room after suddenly leaving the G7 summit in Canada on Monday. Earlier, he had posted on the Truth Social platform: “People should evacuate Tehran immediately!” — a shocking warning.
Press secretary Karoline Leavitt confirmed that Mr. Trump will be in Canada on Sunday for the G7 but will depart early due to the escalating Israel-Iran conflict. “Many positive outcomes have been achieved, but due to the unstable situation in the Middle East, President Trump will leave right after dinner with the leaders,” Ms. Leavitt stated, according to CBS News.
Bitcoin lost more than $2,000 in just a few hours.
Immediately following Mr. Trump's message, the price of Bitcoin reacted negatively, dropping sharply by 2%, falling from a daily high of $108,780 to $106,421, before recovering slightly.
Overall, this coin remains within the accumulation zone established since early May, after returning to the $100,000 mark and maintaining above this threshold until now.