Bitcoin is down 3% and ethereum has fallen 4.4% over the last 24 hours, after President Trump said the U.S. would hit Iran hard over the next two to three weeks. Bitcoin is down 3% and ethereum has fallen 4.4% over the last 24 hours, after President Trump said the U.S. would hit Iran hard over the next two to three weeks. The president also said, "we're going to finish it very fast." The promise of a quick, but fierce end to the fighting was not enough to assuage crypto traders.
Bitcoin (BTC-USD) opened at $68.097.27 on Thursday, roughly even with Wednesday's closing price of $68,078.55. The value of bitcoin as of 8:10 a.m EST had fallen to $66,172. Ethereum (ETH-USD) opened at $2,139.63 on Thursday, almost even with Wednesday's closing price of $2,138.74. The value of ethereum as of 8:10 a.m. EST had fallen to $2,030.
Uncertainty and ongoing geopolitical conflict generally suppresses demand for riskier assets, including bitcoin and ethereum.
The markets are grappling with elevated tensions as President Trump's hawkish stance on Iran has created uncertainty among crypto investors. The selling pressure reflects broader risk-off sentiment as traders move away from speculative assets during periods of geopolitical instability.
