Key Takeaways
- Donald Trump to announce a peace deal with Iran following weeks of market uncertainties and world economic crisis since the start of the US-Iran war.
- A peace deal and other factors favoring the financial markets could see the price of Oil crash, while bitcoin and Gold could gain a boost to the upside.
- Bitcoin could see the price trader lower if it fails to defend the key support zone at $60,000 in the coming weeks, given that the current war is prolonged.
The US-Iran war has lasted longer than anticipated, with speculation suggesting the current geopolitical crisis will not end anytime soon. Every day brings new stories and speculation in the financial markets, as current events have affected the price action of Bitcoin, Gold, and other financial assets.
Recent news around the Iran war and the Strait of Hormuz is that the region, allowing 20% of the world’s oil supply to pass through, has been opened for countries such as China, India, Pakistan, Turkey, Malaysia, Iraq, Bangladesh, Sri Lanka, while restricting the U.S., Israel, Japan, and South Korea.
While this war has created significant global uncertainty, rumors are suggesting that Donald Trump could announce a peace deal with Iran, which would help stabilize markets and address the ongoing uncertainties that have persisted for weeks.
How would the price of Bitcoin and other assets respond in the coming hours ahead of a potential new announcement from Donald Trump?
Crypto Expert Predicts $140,000 for Bitcoin if the Following Happens
A crypto analyst, AshCrypto, has speculated a favorable market rebound to the upside if the following takes place for Bitcoin: ceasefire is declared, peace talks begin, the Strait of Hormuz reopens, Oil prices drop sharply, tariff tensions ease, global trade flows normalize, a new Fed Chair steps in and cuts rates, and liquidity returns as the Fed prints.
While the possibility of such events cannot be ruled out, the likelihood of them occurring simultaneously remains elusive, as speculation about a US-Iran peace agreement remains in the balance.
This reads more like a wish list than a base case. The possibility of multiple macro pivots aligning at once, geopolitics calming, oil collapsing, trade tensions easing, and the Fed flipping dovish fast is impossible. However, the potential for two or more of these events to occur in the coming weeks could be bullish for the broader market and could lift the sentiment around Bitcoin that has been challenged.
Bullish news has the potential to push Bitcoin’s price towards a high of $100k, acting as a key resistance zone that could drive the market to new all-time highs. Traders and investors are paying close attention to current events, which would dictate the overall market reaction in the coming weeks.
FAQs
Why is the gold price crashing today?
The price of Gold has seen an over 20% price crash in the last few days, following uncertainties over the US-Iran war, as traders turn to Oil, which has been outperforming the forex market.
Why are gold and bitcoin dropping?
Gold and Bitcoin, despite strong market support, have failed to hold these zones, and the price is at risk of crashing lower in the coming weeks.
Is Gold price expected to rise or drop?
Gold price action is expected to trade lower towards $3,900 in the coming days, as the price failed to defend its $4,500 support following a weak market open.
How does oil affect Bitcoin?
Oil prices do not directly affect Bitcoin prices; however, a scarcity of oil could affect the global energy market, which could also affect Bitcoin mining, allowing demand for the crypto asset to grow as the price gains some momentum to the upside.
How do conflicts in the Middle East affect the oil industry?
The Middle East conflict has led to oil scarcity, with the recent US-Iran war closing the Strait of Hormuz, through which 20% of the world’s oil supply passes, triggering a global spike in oil prices.
What will happen to crypto if the US attacks Iran?
Speculations are suggesting the price of BTC could go lower, but they have proven wrong as the price is rallying. Gold and Oil have seen strong price action over the last few days.
Related Read
How Oil Supply Could Affect Crypto as Oil Eyes $100 per Barrels
How Will Bitcoin and Gold React to the US-Iran War?
Bitcoin Crashes to $68k as Iran Threatens to Shut Down the Strait of Hormuz

















