Trump criticizes Iran-Israel conflict, Bitcoin price briefly falls below $103,500
As tensions escalate in the Middle East, Trump's critical remarks about Iran have triggered market volatility. In his statement, he indicated that the United States is aware of 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 movements of Iran's supreme leader. He also added that, although we have the capability to take action, the U.S. currently will not take extreme measures against Iran's leadership.
Trump's tough stance immediately caused market fluctuations, leading to a drop in Bitcoin prices. As tensions in the Middle East continued to escalate, Bitcoin plummeted rapidly within a few hours, with the market price of BTC briefly falling below $103,500 in the early morning, marking a nearly five-day low. This sharp volatility once again confirms Bitcoin's sensitivity to geopolitical risks.
Market data shows that despite Bitcoin's price dropping to a new weekly low, the funding situation remains strong. According to SosoValue data, Bitcoin ETFs have consistently attracted capital since June 9, with cumulative inflows 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 have not only exacerbated tensions in the Middle East but also significantly impacted the Bitcoin market. Although Bitcoin prices have fluctuated in the short term, the ongoing capital inflow from institutional investors indicates that the market remains optimistic about the long-term prospects of cryptocurrencies.
Are Trump's remarks a key factor causing volatility in the Bitcoin market? Will the tensions in the Middle East have a lasting impact on the cryptocurrency market, including Bitcoin?
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