Bitcoin and the wider market of cryptography fell after American president Donald Trump sparked macroeconomic uncertainty with his remarks threatening the supreme chief of Iran, Ayatollah Ali Khamenei.
“We know exactly where the so-called” supreme chief “hides. He is an easy target, but there is security there-we are not going to take him out (kill!), At least not for the moment,” said Trump on his social media platform Truth Social on Tuesday.
Bitcoin, ether, xrp is tumble
“We do not want missiles to be fired from civilians or American soldiers. Our patience is thin. Thank you for your attention to this business! ” Added Trump. He also called for Iran’s “unconditional surrender”.
This comes in the middle of the ongoing geopolitical tension between Iran and Israel, which was revived after Israel made dozens of air strikes on Iran on Thursday evening. Iran has since repaled a series of drone and missile strikes against Israel.
After Trump’s Trump’s publication, Bitcoin (BTC) went from $ 104,310 to $ 103,553 per hour before getting back to $ 105,450 at the time of publication, according to CoinmarketCap data.
The ether (ETH) dropped by 1.3% to $ 2,462, while XRP (XRP) fell 1.3% to $ 2.14 over the same period.
The feeling of the cryptography market has also slowed down. The Crypto Fear & Greed index, which measures the overall feeling of the cryptography market, fell from 16 “neutral” points of “neutral” for the first time in 11 days, marking 52 out of 100.
The Trump catalyst in the cryptography market
This is not the first time that Bitcoin and the wider cryptography market have been reacting to Trump’s remarks.
This has been the case since Trump returned to the White House at the start of this year.
On February 2, only a few days after its inauguration, Bitcoin fell below $ 100,000 for the first time in six days after having signed an imposing decree of import prices in China, Canada and Mexico.
However, it was his electoral victory in November 2024 which, according to many, sparked a major rally, with Bitcoin reaching $ 100,000 for the first time later, on December 5.
Analysts are not safe if Bitcoin can keep above $ 100,000
Some analysts believe that current tensions will soon lead to Bitcoin the psychological price level of $ 100,000.
Crypto Doctor Profit analyst said: “Bitcoin will drop below $ 100,000 in the coming days.”
He said he expected him that he exceeds as low as $ 93,000 and the stock market would follow.
“SP500 will also follow with a drop of 7 to 10%. More red candles ahead of us,” he added.
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Other traders see the sustained position of Bitcoin above $ 100,000 in recent times as laying the basics of a stronger rise.
Crypto Trader Jelle said: “Again, much more durable than a quick climb without any structure under construction.”
On Tuesday, Bitfinex analysts said that “Bitcoin may still fall further, and it must maintain more than $ 102,000 to stay on the right track for a potential rebound”.
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This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
