tl;dr
Bitcoin fell back to around $106,000 after President Trump denied involvement in brokering a ceasefire between Iran and Israel, dismissing reports as publicity-seeking. His comments caused market uncertainty, leading to a decline in Bitcoin and other cryptocurrencies, increased futures liquidations,...
Bitcoin price tumbled back to around $106,000 following U.S. President Donald Trump’s denial of any involvement in brokering a ceasefire between Iran and Israel. His remarks, dismissing ceasefire reports as publicity-seeking and urging Tehran citizens to evacuate, sparked market panic amid escalating geopolitical tensions.
The news abruptly erased much of the previous day's Bitcoin gains, pushing the largest cryptocurrency down by approximately 2.5%. Crypto futures liquidations surged past $347 million within 24 hours of Trump’s social media posts, with Ethereum, XRP, and Solana also dipping near 4%. Equity futures, including the S&P 500 minis, declined by 0.6%, while traditional safe havens such as gold remained flat. Oil prices rose slightly, reflecting ongoing uncertainty in the Middle East.
This episode highlights Bitcoin’s fragile safe-haven status, as it closely mirrored broader risk sentiment and equity movements rather than acting as a shelter amid turmoil. Over the past week, Trump’s geopolitical commentary on social media has repeatedly coincided with significant Bitcoin price drops, though the cryptocurrency has maintained critical support near the $100,000 mark.
Market participants now watch closely for further diplomatic developments from G7 leaders or changes in U.S. foreign policy, which could drastically shift asset flows. While technical analysis points to $100,000 as a key psychological level, leveraged positions and worsening risk sentiment may threaten this support. Nevertheless, fundamental indicators like Bitcoin’s hash rate and long-term holder activity remain robust, providing a measure of resilience amid the market turbulence.