The cryptocurrencies were far lower Thursday, the sale taking steam at the start of the United States.
Bitcoin
Slipped more than 2.5% in the last 24 hours to $ 105,900, but the decreases have been much more steep in altcoins, with ether, Solana, XRP and Dogecoin among these tokens with drops from 5% to 7%.
Risk assets in general took a bad start on Thursday while President Trump threatened with renewed pricing measures while the July deadline for commercial transactions is starting to approach.
In addition, nuclear negotiations with Iran not going well, there were stimulated fears of Israeli strikes against Iranian nuclear sites.
“Listen, there is a chance of massive conflict,” Trump told the journalists in the White House on Thursday. “We have a lot of Americans in this area, and I said, we have to tell them to go out, because something could happen soon, and I don’t want to be the one who has not been warned and the missiles fly.”
“I don’t want to say imminent, but it seems that it could happen very well,” said Trump about Israel potentially striking Iran. He said he advised an attack while the negotiations were taking place.
While American actions were able to make the headlines and close with modest gains, the cryptos were not so lucky.
Green shoots?
The risk assets rally – Crypto included – in recent weeks, has taken place in the midst of an American federal reserve, seemingly determined not to lighten monetary policy in the foreseeable future.
And yet, there are signs that low economic data could soon force the Fed’s hand – a rhythm of employment gains slowed down and lower inflation figures. Two additional data points arrived in the price index of the May producer on Thursday, which came milder than forecasts on the levels of the head and basic, and the first claims of unemployment, which unexpectedly corresponded to several months of 248,000.
Continuous unemployment requests reached 1.956 million, the third consecutive gain and the highest level since November 2021.
President Trump continued his crusade to the Jerome Powell Fed chair in a more dominant posture, calling it “numbness” so as not to reduce rates. “Maybe I should force something,” said Trump. Powell’s mandate as the Patrone of the Fed did not end before 2026 and that the president had previously declared that dismissing him before that was not an option.
