The United States has indicated that it does not plan to invade Iran anytime soon, alleviating fears that the United States may soon deploy its forces in Iran. This development comes amid the collapse of the cryptocurrency market, with cryptocurrency prices falling to new lows despite the announced peace talks between the United States and Iran.
US Not Considering Immediate Invasion Of Iran As Cryptocurrency Market Collapses
According to A Bloomberg reportThe Trump administration has signaled to allies that it has no immediate plans for a ground invasion in Iran, citing people familiar with the matter. This comes despite recent moves to deploy more troops to the Middle East, which have raised concerns about an imminent invasion of Iran.
However, these sources warned that US President Donald Trump could still change his mind at any moment and go ahead with the attack. This comes amid the collapse of the cryptocurrency market today, with… Trump’s decision to postpone strikes on Iran Until April 6 they failed to calm the markets.
The cryptocurrency market rose briefly after reports that the United States indicated that it does not plan to invade Iran anytime soon. However, cryptocurrency prices have since fallen, with Bitcoin falling to a new intraday low of $65,000.
The total cryptocurrency market capitalization has now fallen to $2.25 trillion, down more than 3% today, according to TradingView data. It is worth noting that the collapse of the cryptocurrency market also came amid Iran’s statement today, which announced that the Strait of Hormuz remains closed.
Amid the collapse of the cryptocurrency market, market participants are also monitoring a possible reaction from Iran to the US proposal to end the war. Iran’s response is expected today, while CBS reported that White House officials are cautiously optimistic about the progress of talks with Iran.
The Iran war will last for weeks, not months
US Secretary of State Marco Rubio reportedly told G7 foreign ministers that the Iran war would last for two to four weeks and not months, contrary to some speculation. Rubio also stated that they are capable of achieving their goals without a ground invasion.
However, crypto market participants are betting that there will be no ceasefire until at least May. There is currently only a 40% chance of a ceasefire between the US and Iran by April 30, according to Polymarket data.
Tensions could continue to rise between the United States and Iran, especially with recent Israeli strikes on major steel plants in Iran. This step threatens to put more pressure on it Crypto prices And extend the collapse of the crypto market. In Post X, Iranian Foreign Minister Abbas Araqchi noted that Israel said it carried out these strikes in coordination with the United States.
He added that the attacks conflict with Trump’s deadline for diplomacy. “Iran will pay a heavy price for Israeli crimes,” Araqchi said.
