Bitcoin Under Pressure as Trump Reportedly Prepares to Strike Iran Within 24 Hours

Meanwhile, oil prices have skyrocketed to a monthly peak. Although BTC is already down by several grand since its local peak, the real trouble could be around the corner as reports emerged hours ago that US President Donald Trump is preparing a fresh wave of attacks against Iran during the weekend. The US stock market also plummeted again on Friday, especially the Nasdaq 100, which, according to the analysts at the Kobeissi Letter, is close to a technical correction. Macro Pressure Builds The initial reports claimed that the POTUS has asked Iran for permission to strike its Pickaxe Mountain nuclear site without retaliation, but the authorities in the Middle Eastern country rejected the request. The claims come from IRIB state media correspondent Morteza Ghoroghi, who said: “Trump’s statements today point to war within the next 24 hours.” He also suggested that Iran’s military forces are “in a state of complete readiness.” Shortly after, new reports indicated that Trump went to Mar-A-Lago for the first time since May 1, which is the same location where he started the war against Iran on February 28. Oil prices responded with an immediate uptick. Brent crude oil jumped from under $10...