Bitcoin and the wider cryptocurrency market threaten Iran’s supreme leader Ayatollah Ali Khamenei after U.S. President Donald Trump sparked macroeconomic uncertainty.
“We know exactly where the so-called ‘supreme leader’ is hidden. He is an easy target, but it’s safe there – we won’t take him out (kill!), at least not now,” Trump explain Tuesday on his social media platform truth.
Bitcoin, Ether, XRP tumbling
“We don’t want missiles that fired at civilians or American soldiers. We wear patience. Thank you for your attention!” Trump added. So does he Called “Unconditional surrender” to Iran.
It is under the condition of ongoing geopolitical tensions between Iran and Israel Israel was reignited after execution Iran suffered dozens of air strikes Thursday night. Iran has since retaliated against a series of Israel’s drone and missile strikes.
After Trump’s post was published, Bitcoin (BTC) dropped from $104,310 to $103,553, and then recovered to $105,450 at release, according to Used to share market cap data.
Ether (Ethereth) fell 1.3% to $2,462, while XRP (XRP) fell 1.3% to $2.14 during the same period.
Crypto market sentiment has also declined. Crypto fear and greed indexMeasure overall cryptocurrency market sentiment, from “greed” to “neutral” 16 points, this is the first time in 11 days, scoring 52 points out of 100 points.
Trump Catalyst in Cryptocurrency Market
This is not the first time Bitcoin has been reacting to Trump’s remarks.
That’s the case since Trump returned to the White House early this year.
On February 2, just a few days after the inauguration, Bitcoin signed a $100,000 drop for the first time in six days Executive Order to Collect Import Tariffs from ChinaCanada and Mexico.
However, it was his victory in the November 2024 election that many believed triggered a major rally, with Bitcoin reaching $100,000 for the first time on December 5 a month later.
Analysts are unsure whether Bitcoin can hold more than $100,000
Some analysts believe that the ongoing tension will soon lead to Bitcoin retesting the psychological $100,000 price level.
Crypto Analyst Doctor Profits explain“Bitcoin will drop below $100,000 in the next few days.”
He said he expects it to be as low as $93,000 and the stock market will follow.
He added: “The SP500 will also drop 7-10%. There are more red candles in front of us.”
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Other traders recently put Bitcoin’s sustained position above $100,000, which sets the stage for a stronger uptrend.
Crypto Trader Jer explain“Again, it’s much more sustainable than the speed of a rapid climb without any structure being built.”
Tuesday, Bitfinex analyst says “Bitcoin still has the risk of further decline, and it must hold more than $102,000 in stake to maintain a potential rebound.”
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This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
