Today's

top partner

for CFD

The controversial and contrasting actions and comments from US President Donald Trump regarding the war in Iran continue, with the latest examples going live in the past 24 hours.

The question now is when and how bitcoin will finally react, as it has remained unusually calm over the weekend. Will history repeat and drop later today?

The Latest on the War

Although it has been a boring weekend in terms of price actions, it’s actually been highly eventful on the US/Israel-Iran war front. It started with more threats from Trump that Iran has 48 hours to reopen the Strait of Hormuz, otherwise it would “rain hell” on the country.

Then, he declared Tuesday as “Power Plant and Bridge Day,” suggesting that these key infrastructures will be attacked next. Meanwhile, a US Navy SEAL team extracted the ejected US F-15E pilot from Iran in what was described as a “massive operation” involving hundreds of special operations troops and military personnel.

US intelligence claims Iran is unlikely to open the Strait soon because it’s the country’s biggest bargaining chip left. However, the POTUS reportedly said a few hours ago that the US and Iran have opened negotiations regarding the Strait and believes they can get a deal done by Monday. If they don’t, Trump is considering ‘blowing everything up,’ the report added.

Previously, one of his posts on Truth Social, which used unprecedented language from a sitting president, fooled even Grok, as the AI platform called it a “meme-style image of a fabricated Trump post.” The caveat, though, is that the post is real and it’s still active on Trump’s social media page.

When Will Bitcoin React?

Despite all of these escalations and contradicting messages, BTC’s price has remained unusually stable at around $67,000 for the entire weekend. The question now is, when will the reaction come?

Bitcoin has shown a similar lack of volatility on several occasions in previous eventful weekends after the war started. However, once the legacy financial markets started to open on Sunday evening and Monday morning, its volatility returned, usually heading south.

The post Calm Before the BTC Storm as Trump Says a Deal or Obliteration Is Next for Iran? appeared first on CryptoPotato.

Read the full story: Read More“>

Blog powered by G6

Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.

For any inquiries, please contact [email protected]

G6 is free to use portal to find ways to improve your life. We choose carefully posts and partner with the best in field writers to bring you the best content. Since 2006, we are there for you on your way to success.

Find on Facebook Follow on Instagram Connect on LinkedIn

Don't miss out on latest news

Join newsletter

Enable notifications

You got a story to share? Questions?

Just connect our team and let's see

©2006-2023 - All rights reserved - GSIX.ORG

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money

All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the Site before making any decisions based on such information or other Content. In exchange for using the Site, you agree not to hold G6, Lecira, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through the Site.