Bitcoin (BTC) Price: BTC Drops to Three-Day Low as Trump Threatens “Massive Attack” on Iran
TLDR
- Bitcoin dropped to a three-day low of $64,799 on Thursday, July 23
- Trump threatened a “massive attack” on Iran following Houthi strikes on Saudi oil tankers
- Brent crude oil topped $100 per barrel, stoking inflation fears
- Fed rate hike odds for July jumped from 12% to nearly 40% in one week
- Traders are split, with some targeting $73K and others calling for shorts below $65K
Bitcoin fell below $65,000 on Thursday as geopolitical tensions between the US and Iran rattled risk assets across the board.
BTC/USD hit a three-day low of $64,799 on Bitstamp, down 1.52% on the day, according to TradingView data.
The selloff was triggered by comments from US President Donald Trump, who said he is “considering a massive attack” on Iran. The remarks came after Iran-backed Houthi rebels struck Saudi oil shipping vessels in the Red Sea.
BREAKING: Trump announces the US is about to carry out a massive attack on Iran "way bigger than Operation Epic Fury and bigger than any attack ever carried out before," saying "we are all set for it," and are "close to making a decision," Trump tells Axios.
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