Bitcoin Targets $80K as Trump Alludes To End To Iran War
Bitcoin climbed toward $80,000 as Trump’s comments eased oil-supply fears and lifted risk assets, while spot Bitcoin ETFs drew $986.7 million last week.
- On Monday, President Donald Trump suggested the United States-Iran conflict could be nearing an end, causing oil prices to dip while Bitcoin prices rose above $79,000.
- Expanding conflict threatens key oil-transit routes, including the Strait of Hormuz, Saudi Arabia's East-West pipeline, and the Bab El-Mandeb Strait, with traders warning closures could affect 4% of global oil supply.
- Rejecting the claim that Tehran sought a quick agreement, Iranian state media left markets without confirmation from both governments regarding any potential deal's status.
- The Federal Reserve meets Wednesday to decide on interest rates, with markets pricing a 92.7% probability of a 25-basis-point hike that investors have already largely priced in.
- Extended pipeline closures could affect 4% of global oil supply, with uncertainty over energy costs and Federal Reserve policy continuing to influence volatility in risk assets like Bitcoin.
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Trump Blames Biden for High Prices, Predicts Oil Drop After Iran War
President Donald Trump said Monday that former President Joe Biden is responsible for higher prices facing Americans and predicted oil costs will fall sharply when ... The post Trump Blames Biden for High Prices, Predicts Oil Drop After Iran War first appeared on [your]NEWS.
Bitcoin price nears $80K as Trump signals Iran talks
Bitcoin price has risen about 3% to $79,143 after touching $79,325, even as conflicting U.S. and Iranian statements have kept the path toward a possible agreement unclear. Trump’s comments have supported the Bitcoin price rebound Bitcoin’s recovery unfolded as U.S.…
US President Donald Trump has said that Iran is desperate for a deal and that the US is open to negotiations, but that he will make the final decision on engagement.
US President Donald Trump says the United States is open to resuming negotiations with Iran, but emphasizes that the final decision on engagement will be made by Washington. Trump stated that Iran urgently wants a peace agreement, while signaling that the US administration is willing to consider the possibility of resuming talks with Tehran. In a post on Truth Social, the US president said that Tehran wants the agreement to be reached "swiftly a…
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