The cryptocurrency market is back on the edge as the worldwide tensions continue to rise. US President Donald Trump has announced a final attempt to prevent a total war between Israel and Iran, which can influence the global markets, including Crypto.

According to reports, Trump will insist this week at an emergency meeting with Iranian officials. He believes that the decision to use powerful “bunker buster” bombs in the nuclear locations of Iran would be a turning point. Trump also cut his journey to the G7 Summit briefly to go back to Washington and concentrate on the crisis. In a daring statement, he even called ‘everyone’ to evacuate Tehran, the capital of Iran, although it is unclear whether he intended American citizens or the 14 million inhabitants of the city.

The cryptomarkt, which saw a short meeting a few hours ago, has already started responding. XRP led the jump with a win of 7%, while Bitcoin rose to $ 108,950 before he withdraws. Bitcoin is now floating slightly above $ 107,000.

With the latest developments, it is not sure how the market will move afterwards. Experts keep a close eye on the news, because every escalation can cause a different major sale. Liquidations on the market have started as an addition to the pressure. In the last 24 hours alone, the total liquidations reached a stunning $ 394.16 million, so that the lifting tree positions are wiped out.

Liquidations
Source: Coinglass

Last week, on Friday morning, the crypto prices fell after Israel had launched air strikes against Iran and Bitcoin sent to $ 103,000. For now, the crypto world is waiting to see if peace talks will alleviate tensions – or whether there will be a crash in the next 24 hours.

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The Kobeissi letter wrote on X (formerly Twitter): “We continue to believe that a peace agreement on the horizon stands for this conflict. Markets clearly praise a short-lived conflict. We are hopeful that an agreement can be reached as soon as this week.”

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