Senior U.S. officials are preparing for a possible strike on Iran in the coming days, according to people familiar with the matter who told Bloomberg on Wednesday. Traders have turned more cautious now, anticipating a Bitcoin price crash ahead.
According to the report by Bloomberg on June 18, the US federal agencies are preparing to potentially strike Iran over the weekend. However, the situation is still evolving and could change, with diplomatic talks planned between foreign ministers from the UK, France, Germany, and others on Friday.
Speaking to reporters earlier outside the White House, President Donald Trump declined to say whether he has made any decision to join Israel against Iran. “I may do it. I may not do it. I mean, nobody knows what I’m going to do,” he said.
Bitcoin price may crash below $100K due to panic selling amid fears of deeper US involvement in the Middle East. Traders have turned cautious amid the recent geopolitical conflict, with BTC price showing huge volatility and uncertainty.
Bitcoin price has moved sideways in the past 24 hours, with the price currently trading near $105,000. The price fell to a low of $103,602 amid heightened uncertainty in the markets. Furthermore, the trading volume has decreased by 10% in the last 24 hours, indicating a decline in interest among traders.
Polymarket data showed 62% odds of the US military action against Iran before July as reports surfaced about readiness for a possible strike.
Meanwhile, US stock futures dip and gold jumps as Washington is preparing for a possible strike on Iran. The US Dollar Index (DXY) climbs near 99. Moreover, the 10-Year US Treasury yield remains unchanged at 4.391% at the time of writing, after rising sharply earlier.
Also Read: Pro-Israel Hackers Burn $90 Million Stolen From Iran Exchange
