Panic Sale: Bitcoin falls below $114K after Trump’s nuclear threat

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Based on the report, US President Donald Trump has ordered two US nuclear submarines to new positions after former Russian president Dmitry Medvedev rejected Trump’s 10-day demand to end the Ukraine conflict.

“Words are extremely important and can often lead to unintended consequences,” Trump wrote on social. The move made traders feel cautious and showed how a single post could shake up the global market.

Submarine operation controls spook traders

Investors have watched closely as the submarines approach the area of tension. Rather than shrug the news, risky assets fell short.

The stocks of Crypto and Tech came together to highlight how closely these markets are related when they fostered a major political storm.

Bitcoin falls below $114,000 in turbulent trade

Based on the data, Bitcoin slid to $113,155 (the lowest level in weeks), triggering the liquidation of a long position of over $200 million following the news.

Top cryptocurrencies have lowered technology stocks as traders pulled back from bets that rely on borrowed funds.

The monthly futures premium has narrowed to around 6%, indicating that fewer investors are happy to be more than risky trading.

Major Fed resignation deepens uncertainty

Meanwhile, Federal Reserve Gov. Adriana Kugler resigned on Friday, resigning for nearly 18 months after his term ends. She is scheduled to return to Georgetown University in the fall.

Coogler supported stabilizing interest rates until clearer data on inflation occurred. At her exit, Trump can choose a new governor who may support his call for immediate interest rate cuts.

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Market jitter is spreading beyond crypto

Gold hovered at nearly $3,350 per ounce, but we didn’t see a big safe rush. Instead, the money went to cash and the short-term US Treasury.

Reports reveal that traders are moving towards low-risk options as global tensions and doubts over economic data.

Btcusd is currently trading at $113,802. Chart: TradingView

Trump Medvedev Spat

Even if the Kremlin had a mom, Moscow’s blues were sharply surprised after Trump made his remarks.

Recently, Trump and Medvedev have traded more and more pointed personal drills across social media.

Friday marked yet another round in Trump’s exchange with Medvedev. Just a day ago, he chuckled Medvedev, saying, “A former president of Russia who failed, and I still think he is the president.”

Bitcoin is inevitable

Despite recent slides, Bitcoin is still well above the January level, 7% below its July high of $123,182. For now, investors are seeing every tweet and military move for fresh signs of the next big market swing.

HII special images, TradingView chart

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