Bitcoin holds steady near $64,000 as markets await a potential geopolitical catalyst. Former U.S. President Donald Trump announced on his social media platform that a permanent deal with Iran is scheduled to be signed tomorrow, which he claims will open the Strait of Hormuz. Bitcoin’s price has previously reacted sharply to developments in this conflict, falling when the war began and rising on ceasefire announcements.
Bitcoin’s price was trading calmly near $64,000, but increased volatility is anticipated. This expectation follows a new geopolitical announcement from former President Donald Trump.
Trump promised a permanent deal with Iran is expected to be announced tomorrow. He made the statement in a lengthy post on Truth Social, as mentioned in his account.
He blamed a previous major agreement signed during Barack Obama’s presidency. Trump called it a “smooth road to a Nuclear Weapon,” while characterizing his own deal as the opposite.
The new agreement will serve as a “WALL TO NO NUCLEAR WEAPON,” he stated. Trump emphasized that Iran no longer wants to develop such a weapon through any means.
Perhaps most critically, he promised the deal is “scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL.” He added a forward-looking note about cooperation with the region.
Recall that bitcoin’s price immediately fell by several thousand dollars when the war started on February 28. However, it subsequently skyrocketed on announcements of a ceasefire and its extension.
Community sentiment has shifted with anticipation of a more profound market recovery. This depends on the deal actually being signed tomorrow, as similar promises have been made before.
