Trump’s Iran Remarks Test Bitcoin’s Resilience

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BTC tends to move south after such reports come out, but there's more to the story now.

Bitcoin recovered most of the losses seen during the day after dipping to $62,400 and is now back above $64,000. What’s intriguing about this rebound is that it came after some unfavorable reports for risk-on assets.

The first one focused on more threatening developments on the US/Israel-Iran war front, while the second was on the continuously growing US margin debt.

Two Major Signals
The tension in the Middle East skyrocketed a couple of weeks ago when the US and Iran broke the ceasefire with new attacks. There’s been little to no reporting on potential peace talks since then. In contrast, Trump’s new attack plan was recently leaked, while a new report from Axios outlined the next possible steps.

The Trump Administration has reportedly conveyed to Israel that it will send ‘dozens more’ refueling planes ahead of a potential ‘massive offense’ against Iran. Some of the more threatening details include possible bombing against key Iranian infrastructure like power plants and nuclear sites.

The report added that the POTUS is expected to order the escalation ‘in the coming days.’ As expected, oil prices reacted with an immediate increase, as USOIL is up by over 20% since the war restarted.

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