Bitcoin and cryptocurrency markets are dipping again as tensions in the Middle East further escalate, with US President Donald Trump leaving a summit of world leaders and posting an ominous message about Tehran.
Trump has reportedly requested that the National Security Council be prepared in the White House Situation Room as he returned early from the G7 summit in Canada on Monday, Reuters reported.
The report comes just hours after Trump took to his social media platform, Truth Social, with a chilling message: “Everyone should immediately evacuate Tehran!”
Meanwhile, US Press Secretary Karoline Leavitt confirmed Trump arrived in Canada on Sunday for the annual G7 summit but departed early due to the escalating Israel-Iran conflict.
“Much was accomplished, but because of what’s going on in the Middle East, President Trump will be leaving tonight after dinner with Heads of State,” Leavitt wrote, according to CBS News.
Bitcoin price dips
Bitcoin prices reacted immediately with a sharp 2% decline as it shed more than $2,000 over the past few hours.
Related: Bitcoin closer to equities than gold as Middle East war deepens
Bitcoin had earlier strengthened to an intraday high of $108,780, but the latest news sent it back to $106,421 before a minor recovery.
It remains within a range-bound channel that formed in early May when it reclaimed six figures again and has remained above $100,000 ever since.
Magazine: Will Bitcoin tap $119K if oil holds? SharpLink buys $463M ETH: Hodler’s Digest
This is a developing story, and further information will be added as it becomes available.
Read the full article here
