Statements by former US President Donald Trump regarding possible negotiations with Iran are causing a notable rise in the cryptocurrency market. An analysis of the current situation reveals how political factors influence financial markets.
Reasons for Cryptocurrency Growth
Today, Trump denied a WSJ report, leading markets to believe 'yes, he will attack.' However, a recent White House spokesperson statement boosted BTC back to $104,700. It stated that Trump would decide within two weeks whether to attack Iran.
Diplomatic Efforts and Positive Trends
The spokesperson emphasized that Trump believes in the importance of keeping open diplomatic channels with Iran. The US Ambassador to Iran, Witkoff, is in touch with Iranian officials, indicating ongoing discussions. Trump sees significant chances for successful negotiations with Iran.
Tariffs and International Trade
Meanwhile, the issue of tariffs remains pressing. As this article was being prepared, the Canadian Prime Minister announced that Canada would adjust its retaliatory tariffs on US steel and aluminum products by July 21. The level of these tariffs will depend on the progress of discussions aiming for a new economic agreement between the two nations.
Potential diplomatic agreements between Trump and Iran, along with changes in tariff policies, may significantly impact cryptocurrency markets. Political decisions continue to shape economic expectations.
