Trump Criticizes Iran Amid Israel Conflict, Bitcoin Price Drops Below $103,500
As tensions in the Middle East escalate, Trump's critical remarks about Iran have triggered market fluctuations. In a statement, he indicated that the U.S. knows the whereabouts of Iran's Supreme Leader and called for Iran to "unconditionally surrender."
Trump claimed that the U.S. has complete control over Iranian airspace and has precise knowledge of the Supreme Leader's whereabouts. He also added that while we have the capability to carry out strikes, the U.S. currently will not take extreme measures against Iran's leaders.
Trump's tough stance immediately caused market turbulence, leading to a drop in Bitcoin prices. As the tensions in the Middle East continue to escalate, Bitcoin plummeted rapidly within a few hours, with the BTC market price falling below $103,500 at one point, marking a near five-day low. This sharp fluctuation once again confirms Bitcoin's sensitivity to geopolitical risks.
Market data shows that despite Bitcoin's price hitting a weekly low, the liquidity remains strong. According to SosoValue data, Bitcoin ETFs have consistently attracted capital since June 9, with a cumulative inflow exceeding $1.8 billion. This capital flow indicates that although geopolitical risks have triggered short-term fluctuations, institutional investors' long-term confidence in cryptocurrencies remains unshaken, providing strong support for the market.
In summary, Trump's tough remarks on Iran not only intensified tensions in the Middle East but also had a significant impact on the Bitcoin market. Despite short-term price fluctuations, the continuous inflow of funds from institutional investors suggests that the market maintains an optimistic outlook on the long-term prospects of cryptocurrencies.
Are Trump's remarks the key factor behind the fluctuations in the Bitcoin market? Will tensions in the Middle East have a lasting impact on the cryptocurrency market, including Bitcoin?
