Key Takeaways
- Bitcoin dropped to $106,000 after Trump denied involvement in Iran-Israel ceasefire talks.
- Trump's social media activity led to over $347 million in crypto futures liquidations.
- Despite price swings, bitcoin's hashrate and long-term holder supply remain robust.
Trump comments trigger bitcoin slide
Bitcoin fell sharply to $106,214 in early Tuesday trading after U.S. President Donald Trump denied any role in Iran-Israel ceasefire negotiations and urged Tehran residents to evacuate.
The remarks, made via a late-night Truth Social post, came shortly after reports suggested Trump’s early G7 departure was linked to ceasefire talks.
In his statement, Trump criticized French President Emmanuel Macron, saying:
“Publicity-seeking President Emmanuel Macron… Wrong! He has no idea why I’m on my way to Washington, but it certainly has nothing to do with a cease fire. Much bigger than that.”
Following Trump’s comments, panic ensued in Tehran, resulting in gridlocked traffic as citizens attempted to leave the city.
The impact was immediate in financial markets—bitcoin lost 2.5% from recent local highs, and crypto futures liquidations surpassed $347 million in 24 hours.
Market reaction and volatility
The incident underscores how Trump’s real-time social media activity can influence bitcoin price and broader markets.
Over the past week, his statements have coincided with a combined 10% drop in bitcoin, though the net decline remains only 3.5% due to bitcoin’s resilience above $100,000.
Analysts note that bitcoin is currently tracking risk assets, moving in tandem with equities rather than acting as a traditional safe haven.
Technicals and outlook
With the $100,000 mark seen as a key psychological support, further leveraged liquidations could threaten that threshold if risk-off sentiment persists.
Despite the volatility, on-chain indicators such as bitcoin hashrate and long-term holder supply remain strong, hinting at underlying network stability.
