Bitcoin (And Peace) In Trouble as Trump Warns Iran of Fresh Strikes?

Bitcoin’s slow recovery stalled after Donald Trump warned Iran of fresh strikes, throwing uncertainty back into US-Iran peace efforts. The cryptocurrency had been edging higher over the weekend, rising to just over $64,000, but the article notes volatility after the threat. Trump, posting on Truth Social, said Iran must halt “highly paid PROXIES” in Lebanon or face renewed action “very hard,” adding that he would respond “just like we did last week.” Although the US president had announced last Sunday that a deal between Washington and Tehran was agreed and intended to be signed by June 19, no official signatures followed. Iran also closed the Strait of Hormuz again, citing a breach of its agreement. During Switzerland talks reportedly attended by JD Vance and Iranian officials, Lebanon’s ceasefire was said to be under strain after Israeli strikes killed more than a dozen people. Bitcoin reportedly surged from $64,000 to above $67,000 before sliding under $62,500 as rates were kept unchanged by the Fed.