The United States president also reportedly expressed interest in taking control of Iran’s oil and potentially seizing Kharg Island.
After a surprisingly quiet weekend where Bitcoin traded between 66000 and 67000 dollars, the market turned volatile early Monday. The cryptocurrency dropped to a new monthly low before quickly rebounding toward 68000 dollars.
This sudden price movement followed Donald Trump’s latest remarks regarding tensions involving the United States, Israel, and Iran. He described the situation as a major moment in Iran.
Talk of Seizing Kharg Island
A report from the Financial Times, referenced by The Kobeissi Letter, indicated that Trump suggested taking control of Iran’s oil and is considering an operation targeting Kharg Island, a key export hub responsible for as much as 90 percent of the country’s oil infrastructure.
Trump reportedly stated that taking Iran’s oil would be his preferred approach, while criticizing opposition to the idea within the United States.
At the same time, The Wall Street Journal supported earlier reports suggesting that the United States is evaluating the possibility of deploying troops to Iran. The objective would be to secure nearly 1000 pounds of uranium.
This operation is considered highly complex and risky, as it would likely require American forces to remain in the region for an extended period. Trump believes such a move could prevent Iran from developing nuclear weapons and has reportedly encouraged efforts to push Iran into surrendering the material as a condition for ending the conflict.
While recent reports have offered mixed signals about potential direct negotiations between the two sides, The Wall Street Journal indicated that no such talks have taken place so far.
Bitcoin Reacts to Geopolitical Tensions
Bitcoin showed little movement over the weekend, remaining within the 66000 to 67000 dollar range. However, as traditional spot and futures markets reopened, the asset dropped to just below 65000 dollars, marking a new monthly low as traders reacted to the geopolitical developments.
The decline was short lived, with Bitcoin quickly rebounding by nearly 3000 dollars to approach 68000 dollars. Altcoins followed a similar pattern, reflecting the broader market volatility.
This rapid movement triggered approximately 300 million dollars in liquidations within a matter of hours. Long positions accounted for more than 200 million dollars of that total, while the largest single liquidation occurred on Bybit and was valued at nearly 10 million dollars.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
