Bitcoin climbed back above $77,000 after President Trump announced a pause on planned military action against Iran, citing ongoing negotiations and requests from Gulf leaders. The recovery came just hours after BTC had been dragged below that level by the same president’s earlier aggressive rhetoric toward Tehran.
From saber-rattling to deal-making in four hours
Trump first warned Iran that “the clock is ticking,” a message that markets interpreted as a signal of imminent military escalation. Bitcoin promptly dropped to approximately $76,500.
That decline triggered roughly $580 million in liquidations of long positions within just four hours. In English: traders who had bet on Bitcoin going up got wiped out at a pace of about $2.4 million per minute.
Then came the pivot. Trump announced that Gulf leaders, including those from Saudi Arabia, Qatar, and the UAE, had requested a halt to the planned strike. The president framed the pause as part of advancing negotiations toward a deal with Iran. Bitcoin responded by climbing back above $77,000.
