Crypto Giants Face Setback Amid Trump’s Condemnation of Israel’s Actions

Trump Criticizes Israeli Attacks, Citing Iran Deal Hopes

U.S. President Donald Trump issued sharp criticism of Israel’s latest actions, which occurred on the same day he had anticipated the announcement of a permanent deal with Iran.

The Israeli government, led by Benjamin Netanyahu, conducted a new series of strikes on Beirut’s southern suburbs earlier today. These actions could potentially jeopardize the Iran deal, which was already considered precarious.

“This morning’s attack on Beirut should not have happened, particularly on a special day when we are so close to a Peace Deal with Iran,” Trump stated in a message on Truth Social. “Israel has the right to defend itself against threats, but the attack it was responding to was very small and meaningless, nobody was hurt, injured, or killed, and should not disrupt this important process.”

Lebanon’s civil defense reported at least three fatalities and seven injuries resulting from the attacks, according to Al Jazeera.

Trump reiterated his previous day’s assertion that the United States and Iran were expected to announce a deal later today, a prospect that had already been met with skepticism by some Iranian authorities.

In his latest post, he also called for de-escalation from all parties, including Israel and Hezbollah, suggesting this could usher in “the beginning of a long and beautiful peace.”

Cryptocurrency Markets React to Geopolitical Developments

Major cryptocurrencies experienced modest gains over the preceding day, potentially fueled by optimism surrounding the anticipated permanent peace deal and the expected opening of the Strait of Hormuz. However, the recent Israeli attacks and Trump’s subsequent condemnation have stalled this progress.

Bitcoin (BTC) fell below $64,000 in recent minutes, after reaching a high of $64,800 earlier today. Ethereum (ETH) is down more than 1%, while XRP has declined by 2% to $1.13, following another rejection at the $1.15 mark.

With the trading day not yet concluded, further volatility is anticipated later today or, more likely, tomorrow morning with the opening of futures and traditional markets. President Trump is also scheduled to travel to France for a G7 meeting.

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