Bitcoin breaks below $65K as Trump threatens massive Iran attack

Bitcoin has fallen below $65,000 after U.S. President Donald Trump threatened a “massive attack” on Iran, with the cryptocurrency losing about 1.5% on Thursday. Summary Bitcoin fell below $65,000 after Trump threatened a massive military attack against Iran. Houthi strikes on Saudi oil tankers pushed Brent crude above $100 per barrel. Binance Research expects macroeconomic pressure to restrain Bitcoin through the third quarter. According to data from crypto.news, Bitcoin (BTC) was trading at $64,885 on July 23, extending its retreat after an attempt to recover earlier in the week. The price later touched about $64,831 as traders responded to another escalation in the Iran war and a sharp rise in crude oil prices. Speaking to Axios on Thursday, Trump confirmed that he was considering restarting large-scale military operations against Iran. His comments came after Iranian forces struck U.S. targets in the region and Iran-backed Houthi fighters attacked Saudi oil tankers in the Red Sea. “I am considering a massive attack. Bigger than ever before. I am close to making a decision. We are all set for it.” Despite the warning, Trump gave no deadline for deciding whether to launch another ...