Donald Trump returned to deliver an important speech, issuing statements expected to affect the balance of fears in the markets. Fears of an impending American attack amid market closures have driven investors to intensify selling in recent hours. However, Trump's statements indicate the opposite, making his remarks highly significant for the cryptocurrency market.
Trump, Iran, and cryptocurrencies
The ongoing conflict between Iran and Israel has entered its first week, with both sides striving to maintain a strong front. Iran launched an unexpectedly effective attack, causing billions of dollars in damage to Israel, which may reduce the likelihood of the war widening. The United States, which will not engage in another prolonged conflict like Afghanistan, elected Trump based on a promise of peace.
Iran also tends to negotiate, but it seeks opportunities for fair dialogue. Historically, previous attacks have been limited, as Tehran and others often avoid harsh retaliatory responses. Attacks that begin with the closing of American markets typically conclude before they reopen.
The United States faces challenges such as inflation, tariffs, and rising debt. In this scenario, where oil prices have soared to triple digits and vast amounts are being pumped into wars, American citizens strongly oppose military intervention. Recent polls indicate that only 19% support intervention.
In a recent press conference, Trump stated that Russia and Ukraine are making progress. He mentioned Iran’s reluctance to cooperate with Europe and said that the cessation of Israeli airstrikes poses a challenge.
In discussions, Iran has shown its willingness to communicate exclusively with the United States, not with Europe, which Trump sees as unhelpful in Iranian affairs. Trump has good relations with China, but he questions its involvement in Israeli-Iranian issues.
Tulsi Gabbard corrected misinformation about nuclear intelligence, advocating for a ceasefire. Trump confirmed that Israel is fine, while Iran is not, pointing out the lack of evidence supporting Iran's production of nuclear weapons.
While Trump emphasizes that firmness is sometimes necessary for peace, he stresses that sending ground troops is a last resort. Iran is given a temporary opportunity, not exceeding two weeks, without the urgent need to launch an attack on its facilities.
It seems unlikely that Trump will launch attacks with the markets closed, alleviating some concerns about cryptocurrencies. The House of Representatives will receive a classified briefing on Iran and Israel next Tuesday.
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