Bitcoin bounces on Trump Iran comments as markets reacted positively. On Thursday, Bitcoin, Ethereum, and XRP recovered after President Trump said Iran called him wanting a deal.
US stock futures also turned green following the completion of strikes confirmed by the US Central Command.
Why Bitcoin bounces on Trump Iran comments
President Trump claimed Iran called him, saying “they want to make a deal so badly.” Nevertheless, he expressed uncertainty about making a deal with Iran again. Specifically, he cited ceasefire violations and strikes against US forces in the Middle East.
“I just don’t know if they’re worthy of making a deal. I don’t know that they’re going to honor the deal. That’s the problem,” Trump said. Consequently, the White House is preparing for multi-day or even weeks of strikes against Iran over control of the Strait of Hormuz.
US Central Command (CENTCOM) confirmed that US forces completed strikes on nearly 90 Iranian military targets. These included air defense systems, coastal surveillance sites, missile and drone storage areas, naval assets, and logistics infrastructure.
The strikes follow previous operations targeting Iranian military capabilities after attacks on commercial ships in the Strait of Hormuz. Therefore, CENTCOM says its forces remain on alert and ready to respond.
Iranian officials reject Trump’s claim
Meanwhile, Reports are saying that Iranian officials rejected Trump’s claim that they are “begging for a deal.” They stated that the Trump administration is repeatedly asking Iran to hold back and request talks.
In retaliation, Iran’s IRGC attacked and hit US military infrastructure in Kuwait’s Camp Arifjan and Ali Al-Salem base. Additionally, it carried out strikes on the US Fifth Fleet HQ and Sheikh Isa base in Bahrain in a joint missile and drone operation, as per Tasnim.
Bitcoin and XRP climb higher
Bitcoin bounced from recent lows as traders saw Trump’s remarks on Iran as signs of negotiations. Specifically, BTC dipped near $61,500 earlier amid renewed US-Iran war tensions. Nevertheless, buy-the-dip sentiment triggered a bounce above $63,000.
XRP also recovered, holding near $1.09 after sliding from $1.16 amid US-Iran ceasefire violations. This rebound also comes amid positive developments, including Ripple signing an XRP jersey patch deal with Kansas Jayhawks.
In addition, FOMC Meeting Minutes revealed that Fed officials support holding interest rates steady for longer. However, a rate hike still remains on the table. Consequently, Bitcoin and XRP trading volumes remain in the red as traders await macro and clear technical catalysts.
Bitcoin has started July on a solid footing, consistent with its historically strong seasonal performance. Supportive comments from President Trump, including remarks that the US is “taking over crypto” and SEC pro-crypto rules changes, have helped sentiment. According to BIT, Bitcoin faces initial resistance at $65,955.
