On Sunday, a normally quiet trading day, cryptocurrency markets experienced a notable uptick that coincided with former President Donald Trump’s latest remarks on Iran. The gains, which lifted Bitcoin and numerous altcoins, came amid a lack of other major developments.
Via Truth Social, Trump asserted that Iran has been “playing games with the United States, and the rest of the World, for 47 years.” He placed heavy blame on former President Barack Obama, claiming Obama “gave” Iran hundreds of billions of dollars and $1.7 billion in cash that was “flown into Tehran.” Trump also criticized Joe Biden, declaring that Iran would “no longer be laughing” at the USA.
The statement appeared shortly after reports that Iran had sent its response to the latest U.S. peace proposal, though details of the response remained unknown at press time. The vague geopolitical tension appeared to inject volatility into asset prices, with digital assets moving higher.
Bitcoin touched $81,600, while Ethereum climbed above $2,350. XRP stole the spotlight with a 5% surge to a multi-week peak of over $1.50. Solana rose 3.5% to nearly $100, and Cardano (ADA) gained over 5% to around $0.29.
