Trump, Intensifies Crypto Sell-Off Amid US Trade Negotiation Resumption and Clashes Over Iran Nuclear Talks

YM Lee

Summary

It was reported that selling pressure in the crypto market has intensified due to President Trump’s trade negotiation pressure and uncertainty over nuclear talks with Iran.
President Trump stated that he would send an ultimatum letter to countries other than the 15 within two weeks, aiming to prompt swift negotiations.
As a result of these geopolitical risks, the price of Bitcoin, which had reached $110,000 yesterday, fell 2.11% from the previous day.

Due to renewed tariff pressure from President Trump of the United States and the geopolitical risks stemming from unsmooth nuclear negotiations with Iran, selling momentum in the crypto (cryptocurrency) market has intensified.

According to crypto-focused media outlet CoinDesk on the 13th (local time), President Trump stated, “I am willing to extend the trade negotiation deadline, but is there any need? I will send letters containing the final negotiation terms and present them to the counterpart countries.”

Currently, the United States is negotiating with 15 countries, including South Korea and Japan, and is expected to send letters explaining the contract terms to other countries within two weeks. President Trump’s mention of sending the final notice is interpreted as a move to prompt swift negotiations.

The lack of progress in nuclear talks with Iran also contributed to market geopolitical risk. During a press conference at The White House, President Trump remarked, “A major conflict may occur. There are many Americans in Israel, and evacuation might be necessary. I don’t want a situation where missiles are launched without any warning.”

Following these developments, the crypto market could not avoid a downward trend. Last night, Bitcoin (BTC), which had reached $110,000, is now trading at $106,300 on the Binance Tether (USDT) market, down 2.11% from the previous day.

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