Bitcoin Slides Below $62,000 as Trump Declares Iran Ceasefire ‘Over’ - Unchained
Remarks from Trump at the NATO summit reignited Iran war fears and unwound Bitcoin’s early-July recovery. Posted July 9, 2026 at 6:33 am EST. Bitcoinfell more than3%on Wednesday to around$61,500, after. . .
Remarks from Trump at the NATO summit reignited Iran war fears and unwound Bitcoin’s early-July recovery. Posted July 9, 2026 at 6:33 am EST. Bitcoinfell more than3%on Wednesday to around$61,500, after PresidentDonald Trumpsaid the fragile US ceasefire withIranwas over. EtherandSolanadropped with it as traders pulled back from risk. Oil rose about5%, with US crude climbing to near$77a barrel. “For me, I think it’s over,”Trumpsaid at theNATO Summit, following U. S. attacks onIranin response to attacks on cargo ships in the Strait of Hormuz. “As far as I’m concerned it’s just a waste of time. ”This story is an excerpt from theUnchained Daily newsletter. Subscribe here to get these updates in your email for freeBitcoinhad gained roughly5. 5%in July, recovering from a bruising June, before Wednesday’s slide erased much of that progress. The asset has pared some of Wednesday’s losses to most recently trade just shy of$63,000, more than50%below the record above$126,000it set last October. The U. S. has since completed another round of attacks onIranfollowingTrump’s remarks at theNATO Summit. Trumphas threatened more attacks ifIrancontinued to attack ships in the Strait. Related Listen:Strategy Sells $216M in Bitcoin. Is Saylor a Buyer or a Seller Now?: Bits + BipsAI-assisted content:This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.