Trump "Iran Desperate for Negotiations"...Is the Bitcoin (BTC) War Fear Over?

▲ Iran, US, Bitcoin (BTC)/ChatGPT generated image

As US President Donald Trump announced that "Iran is so desperate for negotiations," Bitcoin (BTC) and XRP, which had been suppressed by war fears, rebounded, and the cryptocurrency market reacted immediately.

According to the cryptocurrency media outlet Coingape on July 9 (local time), President Trump stated that Iran had contacted him and said, "They are so desperate to negotiate." However, Trump showed caution regarding the possibility of renegotiation, saying, "I don't know if they are worthy of negotiating. I don't know if they will keep the agreement. That's the problem."

US Central Command (CENTCOM) announced that US forces had completed strikes on approximately 90 Iranian military targets. Air defense systems, coastal surveillance facilities, missile and drone storage facilities, naval assets, and logistics infrastructure were among the targets. Coingape reported that Iranian officials denied Trump's claim that they were "begging for negotiations" and stated that the US administration was urging restraint and calling for dialogue with Iran.

Bitcoin temporarily fell to around $61,500 as tensions between the US and Iran escalated again but rebounded above $62,500 due to an influx of bargain hunting. XRP also fell from $1.16 amid conflicts over truce violations, then held steady around $1.09, rising by more than 2%.

The minutes from the Federal Open Market Committee (FOMC) meeting showed that while the possibility of interest rate hikes remains, Fed members supported keeping the benchmark interest rate frozen for longer. However, Bitcoin and XRP trading volumes continued to decline, indicating that investors were waiting for macroeconomic factors and clear technical upward momentum.

Cryptocurrency analyst Rekt Capital stated, "If history repeats itself, there is a possibility that the Bitcoin summer relief rally will strengthen in the second half of July." BIT set Bitcoin's first resistance level at $65,955, and after Trump's remarks on Iran negotiations, Bitcoin and XRP rebounded from their recent lows.

[Article Summary]

-President Trump stated that Iran is "so desperate for negotiations."

-Bitcoin rebounded from around $61,500 to above $62,500, and XRP rose by over 2%.

-BIT set Bitcoin's first resistance level at $65,955.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*