The cryptocurrency market is again on the level, because global tensions continue to go up. President Donald Trump announced a final effort to prevent a total war between Israel and Iran, which could have an impact on the world markets, including the crypto.
According to information, Trump puts pressure on an emergency meeting with Iranian officials this week. He thinks that the decision to use powerful “Bunker Buster” bombs on Iranian nuclear sites would be a turning point. Trump also reduced his trip to the G7 top to return to Washington and focus on the crisis. In a daring declaration, he even called for “everyone” to evacuate Tehran, the Iranian capital, although it was not clear if he meant that American citizens or the 14 million residents of the city.
The cryptography market, which experienced a brief rally a few hours ago, has already started to react. XRP led the jump with a 7%gain, while Bitcoin climbed $ 108,950 before backing up. Bitcoin now oscillates slightly above the $ 107,000 mark.
With the latest developments, it is uncertain in which the market will then move. Experts look closely at the news, because any escalation could trigger another major sale. Adding to pressure, liquidations started on the market. In the past 24 hours only, total liquidations have reached 394.16 million stunning dollars, destroying leverage positions.
Last week, Friday morning, cryptography prices dropped after Israel launched air strikes against Iran, sending a Bitcoin to $ 103,000. For the moment, the world of cryptography is waiting to see if peace talks will facilitate tensions – or if another crash arrives in the next 24 hours.
Kobeissi’s letter wrote on X (formerly Twitter): “We continue to believe that a peace agreement is on the horizon for this conflict. The markets are clearly prices in a short conflict. We hope that an agreement can be concluded this week. ”
