Bitcoin Spikes to $70K as Trump Says 'Large-Scale Operations' Continue in Iran
Summary
Bitcoin surged to a two-week high near $70,000, increasing 4.4% in 24 hours, as conflict involving the U.S., Israel, and Iran escalated. Bitcoin had dropped to $63,100 after initial bombing reports but rebounded as rumors of Iran's Supreme Leader’s death circulated. Ethereum, Solana, and XRP also posted gains, rising 3.2%, 3.5%, and 1.3%, respectively. U.S. stock markets were volatile, with the Nasdaq initially down but recovering 0.39% by midday, while the S&P 500 remained steady and the Dow slipped slightly. President Trump reported ongoing large-scale U.S. military operations targeting Iran’s missile capabilities. Analysts noted markets are weighing the likelihood of a quick diplomatic solution versus extended instability in the region.
