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Bitcoin climbed after President Trump indicated the 60-day deadline for reaching an agreement with Iran is not a hard cutoff, a statement markets read as reducing the near-term risk of military escalation.
Geopolitical tension — shorthand for conflict risk that can rattle energy markets and push investors toward or away from speculative assets — has become a routine catalyst for short-term moves in crypto.
What Trump Actually Said Trump said publicly that the 60-day window he set for an Iran deal is flexible, walking back what had been understood as a firm timeline.
A deadline attached to a possible military option carries weight in financial markets; softening it signals that the most disruptive outcome is, for now, less likely.
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