Trump's War Decision Sparks Oil Price Jitters

The Bitcoin price is trading near $78,000, and its next move depends on what happens in the ongoing Iran-US conflict. According to a Wall Street Journal report, President Trump is considering formally declaring the war over, which could have significant implications for global markets.

Oil prices have already surged due to the tensions, with Brent crude at $95.20 a barrel and US WTI crude at $90.77. The analyst believes that if the conflict ends, it could lead to a decline in oil prices, increased risk appetite, and potentially even a rate cut by the Fed.

However, if the situation escalates further, Bitcoin may fall back towards its recent lows. The next 24-48 hours will be crucial in determining the direction of Bitcoin's price.