Summary
- Bitcoin (BTC) saw volatility widen after briefly topping $64,000 and then falling back below the $63,000 level.
- Major altcoins including Ether (ETH) and XRP also showed high volatility, with prices posting sharp swings.
- Uncertainty surrounding the Middle East and President Donald Trump's remarks on maintaining a negotiating stance toward Iran are leaving crypto investors torn between relief and caution.
Forecast Trend Report by Period
Bitcoin briefly rose above $64,000 before slipping back below the $63,000 mark.
As of 7:26 a.m. in South Korea on June 8, Bitcoin was trading at $62,996.49 on Binance's USDT market, up 4.17% from a day earlier. On Upbit's won market, it changed hands at 95.255 million won, down 2.96% from the previous day.
Major altcoins including Ether also swung sharply. Ether traded at $1,671.93 on Binance, up 7.94% from a day earlier, while XRP gained 6.67% to $1.15.
The crypto market has been highly sensitive to uncertainty surrounding the Middle East. Iran earlier fired ballistic missiles at Israel, rattling a ceasefire reached in April and hurting investor sentiment on fears of a broader conflict.
Still, markets are showing a mix of relief and caution after President Donald Trump reiterated that he would maintain a negotiating stance with Iran. In an interview with the Financial Times, Trump said, "I make the decisions. I make all the decisions," and added that Israeli Prime Minister Benjamin Netanyahu "won't have a choice."
In a separate interview with Fox News, Trump said he would tell Netanyahu to refrain from retaliatory strikes on Iran. He also stressed that Iran's recent attack would not affect negotiations between Washington and Tehran.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
