Trump says the Iran conflict is “very complete” — oil plunges and Bitcoin snaps back above $70k
Bitcoin recovered above $70,000 as oil prices sharply reversed following comments from Trump suggesting de-escalation in the Iran conflict.Summary
Bitcoin climbed back above $70,000, peaking near $71,164, as crude oil prices plunged over 6% from recent highs. This synchronized move was largely driven by reassessments of Middle East risk after President Donald Trump stated the Iran conflict was “very complete, pretty much,” signaling potential de-escalation. Traders interpreted this, alongside discussions by G7 finance ministers about releasing oil stockpiles, as reasons to unwind the geopolitical premium embedded in energy markets, easing fears that renewed energy inflation would delay Federal Reserve rate cuts. The oil reversal provided a cleaner entry point for Bitcoin buyers, supported by significant institutional inflows into spot Bitcoin ETFs ($167.03 million) and rising stablecoin liquidity. Bitcoin's sustained recovery, however, remains conditional on upcoming US inflation data; if inflation readings align with disinflationary trends, the macro backdrop will strengthen, but a renewed oil rally could push yields higher and force a retest of Bitcoin's $60,000 support.
(Source：CryptoSlate)