Bitcoin’s price has been quietly regaining some momentum, slowly increasing to just over $64,000 over the weekend, but that stable progress could be halted in the following hours.
The promised peace deal between the US and Iran is in question once again, as Trump just threatened the Middle Eastern country with new strikes on his Truth Social platform.
“Iran must immediately stop their highly paid PROXIES in Lebanon from causing trouble. If they don’t, we’ll hit Iran very hard again, just like we did last week, only harder!!! President DONALD J. TRUMP”
Recall that the POTUS announced that both parties had agreed to a deal last Sunday, which was supposed to be signed by June 19. However, that deadline has passed with no official signatures, and Iran even closed (again) the Strait of Hormuz after citing a breach of its agreement with the US to end the war as a reason.
The only positive development on the matter came as Israel and Lebanon announced a ceasefire, which is also in doubt now.
Live updates from the ongoing meeting between the US and Iran in Switzerland informed minutes ago that JD Vance and other negotiators from the Trump administration are in the same room as Iranian officials in a rare face-to-face meeting.
According to CBS News, officials have added an emergency session on the fighting in Lebanon to the Swiss talks, as more than a dozen people were killed in Lebanon by new Israeli strikes on Saturday, hours after the ceasefire agreement had become official.
Consequently, the promise for a more permanent peace deal is far from being certain now. In fact, the situation appeared a lot more promising last Sunday when Trump announced the upcoming deal.
Bitcoin’s price reacted with a notable pump from $64,000 to over $67,000 at the time, but it was stopped and driven south to under $62,500 as the uncertainty grew and the Fed maintained the rates unchanged.
Although it went past $64,000 earlier today, its progress could be halted over the past few hours and days if there’s no positive resolution on the war front.
Source: CryptoPotato
