Trump Ends Iran MoU
Trump ends the Iran MoU. Oil spikes, but Bitcoin plunges below $62k. Is a bigger drop coming? ☑☑
What the video says
A massive geopolitical shock just shattered the fragile Middle East peace, triggering an industry-shaking market split. US President Donald Trump declared the US-Iran Memorandum of Understanding is officially over.
Trump announced the decision during the NATO summit in Ankara, stating he does not want to deal with them anymore. The consequential breakdown reignited fears of a wider and prolonged regional conflict after a fresh wave of military airstrikes.
The fallout was immediate. Oil prices surged over 3% to $75 on supply fears, but Bitcoin behaved like a classic risk asset.
The cryptocurrency plunged from an earlier peak of $64,000 to below $62,000 within minutes. If Bitcoin closes the daily candle below $62,000, analysts warn a sweep of $60,000 could happen soon.
