Bitcoin Jumps and Drops Near $70K on Iran News

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The other reason behind BTC's latest volatile session could be linked to the recently released CPI numbers for February.

US President Donald Trump continues to comment on the quickly escalating tension in the Middle East, suggesting once again that the war could be over soon.

Bitcoin’s price experienced immediate volatility after his remarks became viral on social media.

This is Trump’s second similar claim in the past few days, after he noted on Monday that the war “is very complete, pretty much.” However, his statements are not supported by some country officials as well as its partner in this case, Israel.

Walter Bloomberg’s report indicated that the two countries plan “at least two more weeks of strikes.” Additionally, the situation lastly escalated after the US started reporting that Iran had put mines in the Strait of Hormuz.


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