Bitcoin Price Rises Ahead of Trump’s Key Iran War Announcement

The market-wide volatility fueled by the major developments in the war against Iran continues, as bitcoin just tapped a multi-day peak of almost $69,000 after dropping to $66,000 yesterday.

The latest leg up coincided with reports citing information from the White House that US President Donald Trump will drop a major update on the hot topic later today.

Although the details of the upcoming speech are scarce at the moment, the speculation from experts is going rampant, mostly because of the contrasting statements made in the past few days.

On the one hand, Trump was reportedly considering ending the war even if the Strait of Hormuz remained closed. On the other hand, WSJ coverage claimed that several nations in the Gulf Stream pushed the US to continue the war, as the UAE has begun preparing to help open the Strait by force.

Iran’s President said his country is ready to end the war under certain guarantees. Meanwhile, several European states, including Spain, Italy, and France, continue to deny providing any military support to the US.

BTC’s price has remained quite volatile amid all of these developments. It dropped to $65,000 on Monday morning for the first time in a month, jumped to $68,400 on Tuesday, dipped to $66,000 again, and neared $68,800 minutes ago after the news about Trump’s upcoming speech went live.

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