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BTC Sees Mild Volatility as Trump Escalates With 48-Hour Iran Warning

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Bitcoin’s calmness saw a brief and minor break as the asset jumped by several hundred dollars to near $67,600 for the first time since Thursday after Trump’s latest warning against Iran.

The US President gave the Middle Eastern country 48 hours to reopen the Strait of Hormuz or “all hell will reign down on them.”

What’s particularly interesting about this reiteration of the previous 10-day warning is the fact that it expires at 10:05 AM ET on Monday, April 6. That would be just 35 minutes after Wall Street had opened for trading after a 3-day weekend.

The analysts at The Kobeissi Letter believe this statement increases the likelihood that the next 48 hours will be “highly eventful.”

While the US stock market is closed now, the cryptocurrency space is not. The 24/7-hour trading industry typically tends to react to such statements immediately, but this particular one couldn’t really shake BTC.

The largest digital asset traded at around $67,000, where it has been for the past day or so, and jumped slightly to $67,600 before it was stopped.

Most larger-cap alts are in a similar state, with ETH trading at $2,050, and XRP is just inches above $1.30.

The post BTC Sees Mild Volatility as Trump Escalates With 48-Hour Iran Warning appeared first on CryptoPotato.

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