Bitcoin reclaims $77,000 after Trump comments on US-Iran deal
Bitcoin's price fluctuated significantly following President Trump's comments regarding US-Iran relations. After a drop below $77,000 due to aggressive rhetoric, Bitcoin rebounded after Trump announced a pause in military action. The volatility highlights the impact of geopolitical tensions on cryptocurrency markets.
- ▪Bitcoin climbed back above $77,000 after President Trump announced a pause on planned military action against Iran.
- ▪The cryptocurrency had previously dropped to approximately $76,500, triggering $580 million in liquidations of long positions.
- ▪The tensions between the US and Iran are linked to control of the Strait of Hormuz and stalled nuclear negotiations.
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Bitcoin reclaims $77,000 after Trump comments on US-Iran deal A presidential tweet giveth, a presidential tweet taketh away, and then giveth again: BTC whipsawed as geopolitical tensions in the Gulf drove $580 million in liquidations before a swift recovery. Share Add us on Google by Editorial Team May. 23, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Bitcoin climbed back above $77,000 after President Trump announced a pause on…
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