Bitcoin drops 3% amid Trump remarks on Iran and lower US stocks

According to Cointelegraph, Bitcoin extended daily losses by approximately 3% following President Donald Trump’s comments regarding military action against Iran. The cryptocurrency moved near a cost basis associated with a potential ETF at around $81.5K while US stock markets experienced downward pressure due to the remarks. No additional details on market timing, volume, or investor reaction were provided. The article notes the simultaneous occurrence of Bitcoin’s decline and lower US stocks linked to Trump’s comments on Iran.

Bitcoin circles $81.5K ETF cost basis as Trump Iran comments send stocks lower