Trump’s ‘Stone Ages’ Threat Sends Bitcoin Below $67K
BeInCrypto
Donald Trump's escalation threats regarding Iran caused market turmoil, driving Bitcoin below $67,000 and impacting global markets.Summary
President Trump's address regarding Iran, promising to escalate conflict and return them to the “Stone Ages,” triggered a negative market reaction. Oil prices surged, while stock and crypto markets declined, with Bitcoin falling 3.3% to $66,818 and Ethereum dropping 2.8%. Asian markets were particularly affected, with South Korea’s KOSPI experiencing the largest drop. Trump urged allies to secure the Strait of Hormuz, even suggesting the US could “just take their oil,” while Iran remained firm, continuing to work on a permanent toll system for the waterway. The market interpreted these developments as signaling a prolonged conflict, dashing hopes for a swift resolution.
(Source：BeInCrypto)