Bitcoin has remained surprisingly steady near $64,000 even after Trump issued a new military warning to Iran. The coin rose nearly 2% to $64,100, while investors also moved towards gold as both assets traded more closely together during the latest bout of geopolitical anxiety and inflation.
Trump said the United States already had weapons aimed at Iran, and claimed that the military could continue a major campaign for at least a year if Tehran tried to kill him.
“1,000 missiles directed at the Islamic Republic of Iran have been prepared and loaded, and thousands more will follow immediately,” Trump wrote on Truth Social.
He added that orders had been issued and said that the operation could extend for more than a year, and he ended the operation message With “Thank God” in capital letters.
The bulk of Bitcoin’s gains came as a result of traders liquidating their bearish positions, not due to a new influx of new buyers. Over the past 24 hours, over $80 million in BTC short positions were liquidated, prompting sellers to cover their short positions and fueling the rally. This buying episode pushed prices higher despite the lack of increased demand via spot Bitcoin ETFs.
Standard Chartered is still standing by its call for bitcoin to reach $100,000 by the end of 2026. Its analysts said the recent weakness had more to do with concerns about MicroStrategy’s bitcoin holdings, treasury decisions and potential coin sales than any real damage to bitcoin itself.
However, the bank largely viewed this as “mostly hype” while maintaining its optimistic long-term outlook. This is because the market is receiving more institutional support at a time when corporate treasury actions are behind dramatic, narrative-driven movements.
Away from the markets, Iranian Foreign Minister Abbas Araghchi accused Washington of violating part of the nuclear memorandum agreed upon with Tehran. Abbas said that Iran had fulfilled its obligations, while the US Treasury Secretary had violated Paragraph 9 after several previous violations. “Reality check: there can only be mutual compliance,” he said.
