Bitcoin Could Turn Green as Trump Halts Iran Strike on Gulf Allies’ Plea
Bitcoin (BTC) climbed again close to $77,000 late on May 18 after President Donald Trump mentioned he had halted a scheduled US navy strike on Iran on the request of Saudi Arabia, Qatar, and the United Arab Emirates.
The pause triggered a fast risk-on rotation throughout markets. Nasdaq 100 futures, the S&P 500, and spot gold all moved increased within the minutes after the post went stay on Truth Social.
Gulf Leaders Push for a Nuclear Deal
Trump wrote that the Emir of Qatar, Saudi Crown Prince Mohammed bin Salman, and UAE President Mohamed bin Zayed requested him to delay the strike to permit house for negotiations. He mentioned any deal should rule out a nuclear-armed Iran.
Trump additionally mentioned Defense Secretary Pete Hegseth and Joint Chiefs Chairman Daniel Caine would maintain US forces prepared for a full assault if talks collapse.
The reversal capped a tense weekend. Bitcoin slid below $77,000 on Sunday after Trump warned Iran the “clock is ticking,” and roughly $580 million in lengthy positions have been liquidated inside 4 hours.
Risk Assets Lift Off
BTC reclaimed above $77,000, up 0.8% within the prior hour, even as it remained about 2% decrease over 24 hours. The S&P 500 index ticked up 0.10% to prime 7,400, whereas the Nasdaq 100 popped from 28,740 to twenty-eight,980 in the identical window.
Spot gold added 0.10% to $4,560, signaling that the reduction transfer was broad reasonably than a single rotation into security.
Spot Bitcoin ETFs had logged over $1 billion weekly outflow heading into the announcement, ending a six-week influx streak as rate-cut expectations slipped.
A sustained pause in hostilities may shift that image.
Crypto merchants had spent current classes pricing in a hot-war situation, and analysts had already drawn parallels with the early days of the Ukraine invasion, when BTC dropped earlier than recovering.
The subsequent check arrives if Iran formally responds to the framework outlined by Gulf mediators. Whether Tehran accepts the phrases will decide whether or not that is the beginning of a sturdy risk-on shift or solely a pause earlier than the following escalation.
Volatility within the subsequent 24 hours will hinge on every recent Truth Social publish and Tehran’s reply.
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