$BTC Bitcoin price today: flat at $104k, Trump-Iran comments offer little relief.
Bitcoin fell slightly on Friday, with broader crypto markets making little headway even as broader risk appetite improved after U.S. President Donald Trump postponed a decision on whether to attack Iran.
The world’s largest cryptocurrency was headed for a second straight week of mild losses, as it meandered within a tight trading range established since making record highs in early-June.
Crypto trading volumes were also muted on account of a U.S. market holiday on Thursday, while the sector was still reeling from hawkish comments from the Federal Reserve made earlier this week.
Bitcoin heads for weekly loss; Trump to decide on Iran in ‘two weeks’
Bitcoin was trading down about 0.8% this week, and remained squarely within a $103,000 to $108,000 trading range seen through most of June.
Crypto markets were little enthused by Trump stating that he will decide on whether to involve the U.S. in the Israel-Iran war within “two weeks.”
Other risk-driven markets were seen advancing after the comment, with Asian stocks and currencies trading higher on Friday, while gold slid.
Trump’s comment, which was relayed by the White House, helped soothe some concerns that a U.S. strike against Iran– which could mark a major escalation in the conflict– was not imminent, especially after scores of media reports said such a scenario could happen this week.
But Trump’s two week deadline still left markets somewhat uncertain, given that the president has used “two weeks” as a placeholder of sorts when flagging a delay on major policy decisions or announcements.