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Bitcoin Price Tumbles Amid Trump's Iran Decision

Guavy AI Editorial Team Published August 3, 2026

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BTC

Bitcoin's price fell to $62,229 after US President Donald Trump announced he had canceled a planned military strike on Iran.

The move failed to lift Bitcoin's price, and it instead dropped by 1.35% over the past 24 hours.

Trump's comments initially sparked a positive reaction in the market, with Brent crude oil dropping over 5.33% to around $80 per barrel.

However, Iran denied any talks with the US, citing discussions only with Oman regarding a temporary shipping route through the Strait of Hormuz.

Crypto traders are now watching Bitcoin's price closely as it sits between two major liquidity zones, with one at $64,000 and another near $62,000.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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