Iran has stated that seven claims made by US President Donald Trump within a single hour were inaccurate.
The price of Bitcoin staged a strong recovery yesterday, climbing to a ten week high above 78 thousand dollars after Trump announced that the Strait of Hormuz had been reopened.
That upward momentum is now under threat as Mohammad Bagher Ghalibaf rejected several of the positive statements made by the US president.
Iran Pushes Back on Key Claims
Trump initially shared on social media that the Strait of Hormuz was open again and that both sides were making meaningful progress toward a lasting peace agreement. He later reinforced this message by saying the deal was nearly complete, that more discussions would take place over the weekend, and that Iran had agreed to stop its nuclear program indefinitely.
While Iranian officials first acknowledged the reopening, later remarks suggested a different stance. Ghalibaf explained that the strategic waterway would not remain open if US restrictions continued. He added that access would follow specific routes and require Iranian approval.
He emphasized that decisions about the strait would be determined by real conditions rather than social media statements. Ghalibaf also argued that multiple claims made by Trump in a short period were incorrect, describing them as part of an effort to shape public perception. He insisted that Iran would not be influenced by such tactics.
What This Could Mean for Bitcoin
Bitcoin responded quickly to Trump’s initial remarks, rising sharply toward 77 thousand dollars. As efforts to calm tensions appeared to continue, the cryptocurrency extended its gains and reached about 78 thousand 400 dollars for the first time since early February.
Prices later pulled back slightly and are now hovering just above 77 thousand dollars. Since the rally was largely driven by hopes of easing geopolitical tensions in the Middle East, any reversal in that narrative could slow or reverse the upward trend if Iran’s position holds.
Historically, Bitcoin tends to remain relatively steady over the weekend unless there is a major geopolitical development. Volatility often increases once traditional futures markets reopen late Sunday. While the current pullback is modest, the next two days could bring sharper price movements depending on how the situation unfolds.#crypto#cryptonewshttps://coinsignals.net https://t.me/coinsignalpublic
