Could Trump’s Latest Warnings to Russia and Iran Shake Bitcoin?
Main Idea
Russian President Vladimir Putin is reportedly close to reaching a peace deal with Ukraine within 10-12 days, while the US has issued warnings to Iran regarding its nuclear program, which may impact Bitcoin's price.
Key Points
1. Russian President Vladimir Putin is expected to reach a peace deal with Ukraine in 10-12 days.
2. The US has warned Iran that it will 'wipe it out fast' if Iran restarts its nuclear program.
3. Bitcoin's price reacted negatively to Trump's warnings, dropping from $120,000 to $118,500.
4. Reports indicate Trump expressed disappointment over the lack of progress in negotiations with Russia.
5. Bitcoin faced rejection at a key resistance level of $120,000, leading to a correction.
Description
Donald Trump said earlier today that he will reduce the initial deadline for Russian President Vladimir Putin to reach a peace deal with Ukraine to just 10-12 days. Additionally, he hinted that the US might “wipe out” Iran fast if the Middle Eastern country restarts its nuclear program. With the rise of these geopolitical issues, the question now arises whether bitcoin’s uptrend is at risk. Recall that the POTUS set a 50-day ultimatum for Russia to conclude a peace deal with Ukraine on July 14, ...
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