Amid geopolitical uncertainty regarding Iran, the cryptocurrency market, including Bitcoin, Ether, and XRP, has shown significant declines.
Bitcoin, Ether and XRP Show Decline
Following U.S. President Donald Trump's remarks that Iran's Supreme Leader Ali Khamenei is an 'easy target', Bitcoin dropped from $104,310 to $103,553 within a short time but later recovered to $105,450. Meanwhile, Ether fell by 1.3% to $2,462, and XRP showed a similar decline to $2.14.
Trump's Role in Crypto Market Fluctuations
Trump also expressed concern over potential attacks against civilians and American soldiers and called for Iran's 'unconditional surrender'. This is not the first time his statements have impacted the cryptocurrency market; similar fluctuations have been observed in the past following his comments.
Prospects for Bitcoin Above $100,000
Some analysts predict that the ongoing geopolitical tensions may lead Bitcoin to retest the psychological mark of $100,000. For instance, crypto analyst Doctor Profit suggested that Bitcoin could drop below $100,000 in the coming days, which would be accompanied by a decline in the stock market.
Thus, Trump's statements and the continuing geopolitical tensions significantly impact the cryptocurrency market, causing price fluctuations and uncertainty for the future.
