The recent upward momentum in major cryptocurrencies came under pressure after U.S. President Donald Trump publicly condemned Israel’s latest military operation in Lebanon, raising fresh concerns over the prospects of a potential peace agreement with Iran.
Trump Rebukes Israel Over Beirut Strikes
Earlier this week, Trump had expressed optimism that the United States and Iran were on the verge of announcing a permanent agreement. However, hopes for a breakthrough were shaken after Israel launched a new wave of attacks targeting Beirut’s southern suburbs.
Responding to the developments, Trump criticized the timing of the strikes, arguing that they risked undermining delicate diplomatic efforts.
“This morning’s attack on Beirut should not have happened, particularly on a special day when we are so close to a Peace Deal with Iran,” Trump wrote on Truth Social. “Israel has the right to defend itself against threats, but the attack it was responding to was very small and meaningless. Nobody was hurt, injured, or killed, and it should not disrupt this important process.”
Trump also reiterated his belief that an agreement between Washington and Tehran could still be reached, despite skepticism from some Iranian officials regarding the likelihood of an imminent deal.
In a separate appeal, he urged all parties involved—including Israel and Hezbollah—to de-escalate tensions, expressing hope that restraint could pave the way for what he described as “the beginning of a long and beautiful peace.”
Conflicting Reports Emerge
While Trump suggested that the incident caused no casualties, reports from Lebanon painted a different picture.
According to Lebanon’s civil defense authorities, cited by Al Jazeera, the strikes reportedly left at least three people dead and seven others injured, highlighting the uncertainty surrounding the evolving situation and the challenges facing any potential diplomatic breakthrough.
Crypto Rally Loses Momentum
Before the latest developments, cryptocurrency markets had shown signs of optimism, with investors seemingly encouraged by the possibility of a lasting peace agreement and the anticipated reopening of the Strait of Hormuz.
That optimism, however, faded as geopolitical tensions resurfaced.
Bitcoin (BTC), which had climbed to an intraday high of approximately $64,800, retreated below the $64,000 mark shortly after Trump’s comments.
Ethereum (ETH) also moved lower, shedding more than 1%, while XRP fell around 2% to trade near $1.13, extending its retreat after once again failing to break above the $1.15 resistance level.
More Volatility May Be Ahead
With geopolitical uncertainty continuing to dominate headlines, market participants are bracing for further price swings.
The trading day is still unfolding, and volatility could intensify as new developments emerge. Additional market reactions may become more pronounced once futures trading and traditional financial markets resume activity.
Investors are also keeping an eye on Trump’s upcoming trip to France for the G7 summit, where international diplomacy and ongoing regional tensions could remain key topics of discussion.
For now, the outlook for Bitcoin, Ethereum, XRP, and the broader crypto market remains closely tied to geopolitical developments, with sentiment shifting rapidly as events unfold.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
