Bitcoin’s recent stability was briefly interrupted as the price rose by a few hundred dollars, reaching nearly 67,600 dollars for the first time since Thursday. This came after a fresh warning from Donald Trump directed at Iran.
The US President stated that Iran has 48 hours to reopen the Strait of Hormuz or face severe consequences, saying that “all hell will reign down” if the demand is not met.
What stands out about this renewed warning, which follows an earlier ten day ultimatum, is its timing. The deadline is set to expire at 10:05 AM Eastern Time on Monday, April 6. This is shortly after Wall Street resumes trading following a three day weekend.
Analysts from The Kobeissi Letter noted that this development raises the chances of significant market activity over the next two days.
Although traditional US markets are currently closed, the cryptocurrency market operates continuously. It often reacts quickly to geopolitical developments, but in this case, Bitcoin showed only a modest response.
The leading cryptocurrency remained close to 67,000 dollars, a level it has maintained over the past day, with a brief move upward to 67,600 dollars before losing momentum.
Other major altcoins reflected similar stability. Ethereum is trading around 2,050 dollars, while XRP continues to hover just above the 1.30 dollar mark.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
