The Bitcoin 
$64,709 price experienced a sharp fluctuation, dropping to $98,200 due to fear and panic, before rebounding to $101,500. A major geopolitical worry concerning the Strait of Hormuz diminished as Israel announced the completion of its operations, expressing readiness to engage in diplomatic talks. In response, Iran issued a statement declaring potential severe repercussions for the United States.
White House Statements and Their Impacts
During this time, significant announcements emerged from the White House, communicated by officials Leavitt and Hassett. Iran’s reaction to the bombing of three facilities was measured and limited. Despite escalating tensions and the previous night’s grim warning, no large-scale incidents occurred, suggesting diplomatic avenues remain open. Consequently, markets have become more resilient to harsh rhetoric.
White House Press Secretary Leavitt commented that President Trump had received intelligence indicating Iran was weeks away from developing a nuclear weapon, which partly justified the attack. Leavitt highlighted the necessity for NATO allies to meet the 5% defense spending target and confirmed Trump’s attendance at Tuesday’s NATO meeting, where he will urge increased defense expenditures. The government continues to monitor the Strait of Hormuz actively.
Senior White House Advisor Hassett addressed interest rates, mentioning ongoing dialogues between U.S. Treasury Secretary Bessent, U.S. Trade Representative Greer, and Chinese counterparts. Hassett supported Fed Chair Waller and Trump’s view that there is no justification for the Fed to abstain from lowering interest rates.
Fed’s Waller indicated that a rate cut might occur in July, although shortly after, Fed’s Barkin opposed this suggestion. However, given the Fed’s prolonged pause on rate reductions exceeding two quarters, it suggests lowering rates is imminent. An agreement with Iran seems likely, and by July 9, trade deals are expected to be largely defined.
