After an unexpectedly calm weekend in which its price stood between $66,000 and $67,000, bitcoin went on a micro wild ride in the early hours on Monday, dipping to a new monthly low before it jumped toward $68,000. This volatility ensued after Trump’s latest comments on the US/Israel vs Iran war, which included bragging that it was a “big day…
Key takeaways
Quick scan — what you need to know:
- After an unexpectedly calm weekend in which its price stood between $66,000 and $67,000, bitcoin went on a micro wild ride in the early hours on Monday, dipping to a new monthly low before it jumped…
- This volatility ensued after Trump’s latest comments on the US/Israel vs Iran war, which included bragging that it was a “big day in Iran.” Trump on Truth Social US to Seize Kharg…
- In addition, an FT report, cited by The Kobeissi Letter, indicated that Trump said he wanted to “take the oil in Iran” and mulls an operation to seize the export hub of Kharg Island.
- Recall that the relatively small island is responsible for up to 90% of the country’s oil infrastructure.
Background
What led here, in plain terms:
- “To be honest with you, my favorite thing is to take the oil in Iran but some stupid people back in the US say: ‘why are you doing that?’ But they’re stupid people,” Trump said.
- The WSJ, on the other hand, doubled down on other reports from the past several days that the US is indeed considering sending troops to Iran, but with a more precise purpose – to extract…
- This is believed to be a “complex and risky” mission as it would require US forces to remain in the Middle Eastern country for “days or longer.” However, Trump believes this…
- He has also advised his staff to “press Iran to agree to surrender the material as a condition for ending the war.” Although many different reports from the past week or so gave…
Why it matters
Why readers and decision-makers should care:
- Longs are responsible for over $200 million, while the single-largest wrecked position took place on Bybit and was worth just shy of $10 million.
- BTCUSD March 30.
- Source: TradingView The post Bitcoin Volatility Spikes as Trump Brags for Hitting Big Targets in Iran appeared first on CryptoPotato.