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Bitcoin jumps 5% then drops amid Middle East tensions and Trump urges Israel to avoid retaliation

Market News
08 Jun 2026
Crypto Briefing
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Neutral
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Former US President Donald Trump urged Israeli Prime Minister Benjamin Netanyahu not to retaliate against Iran following Iranian missile strikes on Israel, advocating for diplomatic talks instead of further conflict. This intervention briefly lifted Bitcoin prices by 5%, pushing it above $64,000, before renewed tensions caused a quick reversal below $63,000. The situation remains unstable with ongoing military actions and Hezbollah's involvement, leaving crypto markets sensitive to geopolitical developments. Investors should watch for progress in US-Iran negotiations and regional escalations that could impact market stability.

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