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U.S. President Donald Trump stated that significant progress has been made toward ending the conflict with Iran, but warned that the U.S. would 'obliterate' Iran's power plants, oil wells, and Kharg Island if a deal is not reached soon. These remarks coincided with a rise in Bitcoin prices, as investors often seek refuge in cryptocurrencies during geopolitical tensions. The potential for renewed U.S.-Iran hostilities raises concerns about oil market stability, which could indirectly impact Bitcoin's performance through broader economic uncertainty. Traders should monitor further developments in U.S.-Iran relations, as well as oil price movements, which could influence risk appetite and crypto demand. The interplay between geopolitical risks and digital assets remains a key factor for market participants to watch.
