Trump Declares Iran MoU 'Over' on July 8, Bitcoin Plunges Below $62K as Oil Hits $75

BTC-0.10%
According to CNN, Trump declared on July 8 that the memorandum of understanding with Iran "is over," citing the breakdown of peace talks and renewed military escalation. Bitcoin plunged below $62,000 within minutes of the announcement, while crude oil (USOIL) surged to $75 for the first time since June 22. The divergent reaction reflects how each asset responds to geopolitical shocks: oil rallied on supply disruption fears near the Strait of Hormuz, while Bitcoin fell as investors retreated to safety amid broader risk-off sentiment.
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