Bitcoin traded a hair above $64,000 on July 12 at 11:30 a.m. EDT, as President Donald Trump declared a fragile ceasefire with Iran finished, adding a new layer of uncertainty to a market still climbing out of one of its worst months on record.
Trump Says the Ceasefire Is Over“The Islamic Republic of Iran has asked us to continue ‘talks’. We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER! 1000 Missiles are Locked and Loaded and aimed at the Islamic Republic of Iran, with thousands of more to immediately follow, should the Iranian Government act on its threat, pronounced in many corners of the Globe, to assassinate, or attempt to assassinate, the sitting President of the United States of America, in this case, ME! Orders have already been given, and the U.S. Military is ready, willing, and able, for a one year period of time, subject to extension, to completely decimate and destroy all areas of Iran – PRAISE BE TO ALLAH! President DONALD J. TRUMP”
Bitcoin Holds Ground Near $64,000 War Spills Into Traditional Markets Why Some Traders Say the Bear Market Won’t End Yet What This Means for Traders Watching the Middle East Alongside the ChartsIsraeli Defense Minister Israel Katz said this week that forces are “ready and on alert for a resumption of fighting.” Iran’s new Supreme Leader, Mojtaba Khamenei, has pledged to avenge his father’s death following the funeral of Ayatollah Ali Khamenei, buried July 9 in Mashhad after processions that drew millions. No ceasefire framework currently governs the conflict.
