Bitcoin and risk-asset price action tried to brush off new US-Iran war rhetoric just hours before the deadline for a deal passed. Bitcoin (BTC) stayed near a key long-term trend line at Tuesday’s Wall Street open as markets waited for US-Iran war cues. Key points: Bitcoin and US stocks attempt to shrug off claims by US President Donald Trump that a “whole civilization will die” after his Iran deadline expires. Read more
US President Donald Trump asserted on Monday that Iran could be taken out in one night, “and that night might be tomorrow night”, even as he said shortly afterwards that US officials, including Vice President JD Vance, were talking to intermediaries in Pakistan. His statements from two different events came ahead of a looming Tuesday night deadline he gave to Tehran to agree to a ceasefire deal with Washington, warning of wider bombing on power plants and other critical infrastructure. Trump is demanding that Iran forswear nuclear weapons and reopen the Strait of Hormuz oil transit waterway. Iranian media reported on Monday that Tehran had rejected the US ceasefire proposal through intermediary Pakistan, and had instead shared a 10-point proposal, demanding an end to conflicts in the region, a protocol for safe passage through the Strait of Hormuz, lifting of sanctions and reconstruction. Addressing a White House press conference on Monday, Trump told reporters that Iran could be taken out in one night, warni...
While an Iran ceasefire favors stocks, Bitcoin’s path to $75,000 remains contingent on market trust despite Trump’s volatile diplomacy. Key takeaways: President Trump’s Tuesday deadline to Iran creates a pivotal moment for Bitcoin as it continues to decouple from gold. While a ceasefire could boost equities, Bitcoin’s $75,000 path depends on its role as a hedge against fiscal instability. Read more
Bitcoin found familiar resistance as it crossed the $70,000 mark to hit new April highs, with analysis blaming "profit-taking pressure." Bitcoin (BTC) coiled below $70,000 at Monday’s Wall Street open as analysis blamed profit taking for price inertia. Key points: Bitcoin and stocks wobble as the US trading session begins amid nerves over the US-Iran war outcome. Read more