Trump's Iran War Warning Sparks Fresh Fears of Bitcoin Crash
US President Donald Trump's recent Truth Social post warning Iran of military action has sent shockwaves across global markets, causing investors to flee riskier assets such as Bitcoin. On July 10, Trump posted on Truth Social that '1,000 missiles are locked and loaded' and aimed at Iran, with thousands more following if the Iranian government acted on its alleged threats.
The statement came after reports that Israel shared intelligence with the US, claiming Iran had developed a new plot to assassinate Trump. The alleged plan was reportedly linked to senior Islamic Revolutionary Guard Corps commander Ahmad Vahidi.
Crypto trader Merlijn The Trader believes another market shakeout could send BTC price toward the $50,000 zone before the next major rally begins. According to his analysis, Bitcoin is still moving through the final phase of its current market cycle before the next major rally begins.
Bitcoin has often reacted negatively whenever geopolitical tensions increase. Since the conflict intensified earlier this year, Bitcoin has struggled to maintain its upward momentum, falling from around $70,000 to nearly $64,211 as fresh fears returned to the market.