Trump says Iran will ‘work out well:’ Five things to know in Bitcoin this week Bitcoin price headed below $72,000 on Iran woes as US president Donald Trump told observes to “sit back and relax” with the ceasefire still absent.
Bitcoin (BTC) heads into June with new local lows as the US-Iran war drives crypto market nerves. – Iran ceasefire hopes hang in the balance as military strikes return, but US president Donald Trump appears confident that “it will all work out well in the end.” – BTC price weakness quickly returns after the May close, with $72,000 liquidity on the radar. – US employment data could still deliver a classic BTC price tailwind. – Bitcoin long-term holders are putting February’s $60,000 lows in doubt as a reliable floor. – Sentiment research calls for a flush of overly optimistic traders’ positions next
Trump on Iran: “Just sit back and relax” News of strikes on Iranian targets keep the Middle East conflict firmly on the radar as a source of crypto market volatility this week. Exchanges of fire meant that BTC price action quickly came under pressure following the monthly close, dropping below $73,000. BTC/USD one-day chart.