Bitcoin retreats from surge as Trump refutes Iran-Israel ceasefire involvement and urges Tehran to evacuate.

Bitcoin plummeted back to $106,000 in early trading on Tuesday following U.S. President Donald Trump’s rejection of allegations that he was involved in facilitating a ceasefire between Iran and Israel, causing ripples in markets that had anticipated a potential easing of tensions.

Trump’s late-night Truth Social message, shared just before midnight Eastern time, criticized French President Emmanuel Macron and dismissed any discussions of a truce as “incorrect” and “attention-seeking.” This post emerged shortly after reports suggested that Trump’s sudden exit from the G7 was connected to a covert ceasefire initiative.

“Attention-seeking President Emmanuel Macron… Incorrect! He has no clue why I’m heading to Washington, but it certainly has nothing to do with a ceasefire. It’s much more significant than that,” Trump stated.

Trump also urged the citizens of Tehran to evacuate immediately, causing panic and resulting in extensive traffic congestion on highways leading out of the city. While at the G7 summit, he expressed regret over Russia’s exclusion from the group, indicating his support for its reintegration even amidst the ongoing conflict in Ukraine.

These comments triggered a renewed decline in Bitcoin, which dropped as low as $106,214 during the Asian trading session, reversing much of the gains made the previous day. The leading digital currency has experienced a 2.5% decrease from its local peaks as geopolitical tensions continue to influence market dynamics.

According to CoinGlass, liquidations in crypto futures surged to over $347 million in the 24 hours following Trump’s post. Ethereum, XRP, and Solana experienced slightly heightened declines of around 4%, and equity index futures also fell, with S&P 500 minis down 0.6% overnight.

At the same time, traditional safe-haven assets faced challenges, with gold remaining stable, while Brent crude oil increased by just 1% to hover around $70, reflecting lingering concerns over extended conflict in the Middle East.

The Trump influence on Bitcoin

In the past week, President Trump’s posts on Truth Social regarding geopolitical issues have consistently contributed to a downturn in Bitcoin’s value.

While he is not the only element affecting markets, the timing of his remarks in relation to price fluctuations is evident. Bitcoin seems to be exhibiting a notably resilient behavior amidst heightened tensions involving Russia, Ukraine, Gaza, Israel, and Iran, although its status as a ‘safe haven’ appears weak.

Several significant posts illustrated in the chart below led to a combined 10% decline, but a net decrease of just 3.5% due to Bitcoin’s remarkable ability to remain above the $100,000 mark.

This marks the second instance within a week where BTC has declined alongside equities while gold either rises or stays stable. The risk-off strategy is prevailing.

Tuesday’s movements also underscore the re-emergence of “Trump volatility” in the financial markets. Similar to his first term, spontaneous social media posts now impact billions in capital movements, particularly in the crypto space, where leverage and sentiment frequently amplify sudden changes.

Previous instances include a May 2025 tweet threatening EU tech tariffs, which resulted in a 4% drop in BTC within hours.

Analysts are currently monitoring whether Trump’s political stance will continue to create market unease, especially with ongoing unresolved tensions in the Middle East.

Bitcoin’s steep selloff, once again coinciding with a geopolitical headline, has reignited discussions around its status as a “digital gold” safe haven. Despite longstanding narratives regarding BTC’s resilience, recent market behavior indicates a risk-on correlation pattern, with traders retreating from crypto in tandem with stocks in response to global tensions.

What lies ahead?

Market observers will be paying close attention to any additional diplomatic developments or statements from other G7 leaders. A confirmed ceasefire, or U.S. participation in strikes against Iran, could alter asset flows once more.

On the technical front, Bitcoin bulls are watching the $100,000 mark as a psychological support level, although cascading liquidations and leveraged positions may exert pressure on that threshold if risk sentiment continues to decline.

Despite the macroeconomic challenges, on-chain data remains largely positive, with BTC hash rate and long-term holder activity still near record levels, providing a hint of resilience amidst the surrounding turmoil.

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