Bitcoin price drifted closer to a key support zone near $65,000 after Donald Trump signaled that military action in the Middle East is set to continue over the coming weeks.
Bitcoin (BTC) holders are reducing exposure even as the asset recovers from a five-month losing streak.
Bitcoin and other risk assets have been whipsawed by President Donald J. Trump's shifting rhetoric on Iran.
Bitcoin dropped 2.2% to $66,609 on Wednesday, erasing the previous days gains after President Trumps primetime address signaled a tougher stance on Iran rather than the diplomatic softening markets had been hoping for. His remarks that the U.S. would hit Iran extremely hard over the coming weeks sent shockwaves through both crypto and traditional financial markets.
Crypto markets are tanking on Thursday morning following the latest speech from the US President threatening more violence in the Middle East.
Bitcoin is struggling to reclaim $70,000. The price chart looks uninspiring.
The Bitcoin price is once again trading on edge—not because of internal market weakness, but because macro uncertainty is tightening its grip. The latest trigger came from U.S.
Brent crude futures on Hyperliquid recorded $46.6 million in liquidations, behind only ether and bitcoin. The single largest liquidation was a $17.17 million oil position.
Crypto and equities sold off after the president's national address undermined a two-day rally built on expectations the war was ending. Oil jumped 5% to above $106.
Bitcoin and ether exchange-traded funds (ETFs) extended their rebound with a second consecutive day of inflows. Activity in XRP and solana ETFs remained absent, reflecting fading short-term interest. Second Straight Day of Strong Inflows for Bitcoin and Ether ETFs Momentum is building again. Not explosively, but steadily enough to shift the tone.
Bitcoin treasury firms face a stress test as BTC cools and investors question whether they have real businesses or just leveraged crypto bets.
Taiwanese lawmaker Ko Ju-Chun said last year that the country's Ministry of Justice holds 210 Bitcoins, worth $14 million, confiscated during criminal investigations.