Summary
- The Iranian government pushed back against US President Donald Trump's warning to Tehran, saying, "We know how to respond."
- Markets are focused on the possibility that renewed escalation between the US and Iran could increase volatility in international oil prices and global financial markets.
- In particular, Middle East geopolitical risk is being cited as a factor influencing risk appetite in Bitcoin and altcoin markets.
Iran's government pushed back against US President Donald Trump's warning to Tehran, saying it knows how to respond. The exchange added to signs that tensions between the US and Iran are rising again.
Odaily, a cryptocurrency news outlet, reported on May 18 that Iran's Tasnim News Agency cited Foreign Ministry spokesman Esmaeil Baghaei as dismissing Trump's recent threatening remarks. "There is no need to worry," Baghaei said. "We know how to respond."
Trump wrote in a social media post on May 17 that "if Iran does not act quickly, nothing will be left," according to the report.
Markets are watching whether renewed escalation between the US and Iran will increase volatility in international oil prices and global financial markets. Middle East geopolitical risk is also being cited as a factor affecting risk appetite in Bitcoin and altcoin markets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
