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Reading: Bitcoin gives up rally after Trump denies Iran-Israel ceasefire role, calls Tehran to evacuate
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The cryptonews hub > Blog > Trending News > Bitcoin gives up rally after Trump denies Iran-Israel ceasefire role, calls Tehran to evacuate
Trending News

Bitcoin gives up rally after Trump denies Iran-Israel ceasefire role, calls Tehran to evacuate

Crypto Team
Last updated: June 17, 2025 4:08 pm
Crypto Team
Published: June 17, 2025
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wp header logo 577 Bitcoin gives up rally after Trump denies Iran-Israel ceasefire role, calls Tehran to evacuate

The late-night Truth Social post from Trump, published just before midnight Eastern time, blasted French President Emmanuel Macron and dismissed any truce negotiations as “wrong” and “publicity-seeking.” The post came shortly after reports circulated suggesting Trump’s abrupt G7 exit was linked to a backchannel ceasefire push.

“Publicity-seeking President Emmanuel Macron… Wrong! He has no idea why I’m on my way to Washington, but it certainly has nothing to do with a cease fire. Much bigger than that,” Trump wrote.

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Meanwhile, traditional haven assets also struggled with gold trading flat, while Brent crude rose just 1% to trade around $70, reflecting unknown concerns over prolonged conflict in the Middle East.

Over the last 7 days, President Trump’s Truth Social posts on geopolitical matters have repeatedly contributed to a decline in Bitcoin price.

While he is not the sole factor moving markets, the timing of his comments alongside price movements is clear. Bitcoin appears to be behaving in a highly resilient manner amid high tension across Russia, Ukraine, Gaza, Israel, and Iran. Though its ‘safe haven’ status is weak.

Several key posts highlighted in the chart below resulted in a combined 10% decline, but a net drop of just 3.5% due to Bitcoin’s uncanny ability to hold above $100,000.

This is the second time in a week we’ve seen BTC drop in sync with equities while gold rallies or holds. The risk-off playbook is dominating.

Analysts are now watching whether Trump’s political positioning will continue to drive market jitters, especially with unresolved tensions in the Middle East..

Bitcoin’s sharp selloff, once again coinciding with a geopolitical headline, has reignited debate over its role as a “digital gold” safe haven. Despite long-held narratives around BTC’s resilience, recent market behavior points to a risk-on correlation pattern, with traders pulling back from crypto alongside stocks in response to global tensions.

Market watchers will be focused on any further diplomatic developments or comments from other G7 leaders. A confirmed ceasefire, or U.S. involvement in attacks on Iran, could shift asset flows again.

On the technical side, Bitcoin bulls are eyeing $100,000 as a psychological floor, though cascading liquidations and leveraged positioning may pressure that level if risk sentiment continues to deteriorate.

Despite the macro headwinds, on-chain data remains broadly constructive, with BTC hash rate and long-term holder activity still near highs, offering a glimmer of resilience beneath the noise.

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