Bitcoin (BTC) gained more than 4% today after US President Donald Trump scoffed at a possible peace process with Iran.
On Saturday, Trump threatened to bomb and “destroy” Iran’s electricity grid if the Middle Eastern country did not open the Strait of Hormuz within 48 hours.
By Monday, however, he dropped the threat, announcing the delay on Truth Social.
“I AM SUFFICIENT TO SAY THAT THE UNITED STATES OF AMERICA, AND THE COUNTRY OF IRAN, IN THE RECENT TWO DAYS, IN THE RECENT TWO DAYS, IN THE RECENT TWO DAYS, WE HAVE HAD VERY GOOD AND VERY GOOD DISCUSSIONS REGARDING THE GREAT CHANGE AND STABILITY OF OUR DANCE BETWEEN THE EASTERN, CENTRAL AND BECAUSE OF THERE IS A PROPER DISCUSSION, WHICH WILL BE CONTINUED THROUGHOUT THE DAY, I HAVE ADVISED THAT THERE ARE ALL MILITARY THINGS THAT SHOULD BE INVOLVED WITH IRANIAN FORCE INSTRUCTIONS.
BTC jumped from trading around $68,250 to $71,000. Ethereum (ETH) rose from $2,050 to $2,180, a gain of more than 6%. And the entire crypto market is up 2.4% on Monday at the time of writing.
The gains were made even as Iranian officials threw cold water on Trump’s comments.
Mohammad Bagher Ghalibaf, Speaker of Iran’s Parliament, said on X that “no negotiations” had taken place with the US.
“Fake news is used to manipulate the financial and oil markets and escape the mud that the US and Israel are trapped in.”
Follow us X, Facebook and Telegram
Don’t Miss Out – Sign up to receive email notifications straight to your inbox
See Price Action
Swimming Daily Hodl Mix
 
Disclaimer: The views expressed in Daily Hodl are not financial advice. Investors should do their due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any assets including cryptocurrencies, nor is The Daily Hodl a financial advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image Created: Midjourney
