Trump’s Iran Decision Sparks $350 Billion Stock Market Frenzy, But Bitcoin Extends Losses
BeInCrypto
US stock markets surged $350 billion following reports of a draft ceasefire deal with Iran, while Bitcoin prices continued to decline.Summary
Following reports of a potential 60-day ceasefire deal between the US and Iran, US stock markets added $350 billion in value within 15 minutes. While the deal remains pending final approval from President Donald Trump and Iranian leadership, the market reacted with immediate optimism. Conversely, Bitcoin continued to face downward pressure, falling below $73,000. The divergence highlights a growing debate over Bitcoin's role as an inflation hedge, with critics like Mark Cuban noting that the cryptocurrency is currently behaving as a high-risk asset rather than a safe haven.
(Source：BeInCrypto)