Bitcoin trades near $66K as Trump confirms continued Iran airstrikes; altcoins remain under pressure amid rising tensions.
The crypto market extended its losses after President Donald Trump confirmed that U.S. airstrikes on Iran would continue.
Bitcoin fell below key price levels, and major altcoins also moved lower as geopolitical tensions increased.
Bitcoin and Altcoins Slide as Tensions Rise
BTC did not drop below $67,000 based on the latest daily chart data. The chart shows BTC trading around $65,979, with a daily high of $67,063 and a low of $65,557.
Price remains near the $66,000 level after a sharp decline from previous highs above $120,000.
Momentum indicators suggest continued weakness but slowing downside pressure.
The Relative Strength Index is near 40, which reflects a bearish bias but not extreme oversold conditions.
The MACD remains below zero, although histogram bars show early signs of stabilization.
Bitcoin holds near $66K, bearish momentum persists. Source : TradingViewThe recent weakness follows renewed geopolitical tensions after President Trump confirmed continued military action against Iran.
Market participants reacted to the uncertainty, and risk assets, including cryptocurrencies, experienced volatility.
However, technical data indicates that Bitcoin is currently testing support near the $65,000 zone rather than breaking down from above $67,000.
Trump Signals Continued Military Action
President Trump said the United States would continue airstrikes until its objectives are achieved.
He urged Iranian military forces to surrender. “These intolerable threats will not continue any longer,” Trump said.
He added, “I once again urge the Revolutionary Guard, the Iranian military police, to lay down your arms and receive full immunity or face certain death.” The comments were reported shortly after new strikes were announced.
Trump also told the New York Times that he expects hostilities to continue for several weeks.
Israel launched additional strikes targeting sites in Tehran. Military operations were also expanded to include Iran-backed groups in Lebanon.
Related Reading: What Happens to Bitcoin If Iran’s Hashrate Vanishes Overnight?
UK Allows Use of Bases for Defensive Strikes
The United Kingdom confirmed it would allow the U.S. to use British military bases for defensive strikes.
Prime Minister Keir Starmer said the decision followed a formal request from Washington.
“The US has requested permission to use British bases for that specific and limited defensive purpose,” Starmer said.
He added that the decision aimed to prevent missile attacks across the region and protect civilians.
The UK government stated that the action was limited and defensive. Officials cited concerns about regional security and threats to allied nations.
The announcement added to market uncertainty, and crypto prices remained under pressure as developments continued.
Source: https://www.livebitcoinnews.com/crypto-crash-deepens-amid-trumps-new-iran-airstrike-warning/
