Bitcoin’s price is on the move again, this time favoring the bulls. The asset jumped from just over $65,000 to a near-$69,000 high in under an hour, a multi-day peak. The broader altcoin market followed suit, with ETH clearing $2,000 and SOL nearing $90; XRP and BNB each gained more than 4% in the hour.
Perhaps the most probable reason behind the instant price pump in the cryptocurrency markets now is the upcoming POTUS speech on the situation, which will take place in just a few hours. Traders are watching for any escalation signals that could influence risk assets, including crypto. Trump is scheduled to speak on the Iran conflict at 11 a.m. ET, his first direct briefing since Saturday’s strikes.
Leave a Reply