Bitcoin Trend | Trump’s Remarks Make a Major Turnaround, Dropping Below $67,000

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U.S. President Trump has dramatically reversed his stance toward Iran, and Bitcoin has fallen below the $67,000 level.

According to CoinDesk quotes, Bitcoin hit a 24-hour low of $66,281 and is currently at $66,562, down 3.63%; Ethereum is currently at $2,047, down 4.78%; Dogecoin is down 4.55%.

In a nationwide address, Trump said that the military action against Iran has been underway for a month, and that American armed forces have achieved rapid, decisive, overwhelming victory on the battlefield. The United States will never allow Iran to obtain nuclear weapons, and in the next two to three weeks, it will carry out extremely severe strikes against Iran.

This Friday, the United States will release March nonfarm payroll employment data. If the performance is strong, it could push up U.S. Treasury yields and the U.S. dollar, weaken the Federal Reserve’s rate-cut expectations, and pose a bearish factor for Bitcoin—potentially triggering further market volatility, with a risk of breaking below $66,000.

BTC-3.14%
ETH-4.58%
DOGE-2.69%
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