FameEX Hot Topics | Trump’s Situation Room Meeting Sparks Bitcoin Price Dip

Bitcoin tumbled more than $2,000 late Monday as geopolitical tensions in the Middle East intensified. The broader cryptocurrency market also declined, driven by heightened risk aversion after U.S. President Donald Trump made a surprise early exit from the G7 summit. Bitcoin, which had reached an intraday high of $108,780, dropped sharply to $106,421 before showing slight signs of recovery.

According to Reuters, Trump abruptly departed the G7 meeting in Canada and ordered the National Security Council to convene in the White House Situation Room. His early departure was triggered by the escalating conflict between Israel and Iran. Hours before the news broke, Trump posted a dramatic message on his social media platform, Truth Social, urging: “Everyone should immediately evacuate Tehran!”

White House Press Secretary Karoline Leavitt confirmed that Trump had arrived in Canada on Sunday for the annual G7 gathering. However, due to the rapidly developing crisis in the Middle East, he chose to cut the visit short. “Much was accomplished, but because of what’s going on in the Middle East, President Trump will be leaving tonight after dinner with Heads of State,” Leavitt stated, according to CBS News.

The crypto market quickly reacted to the geopolitical shock, with Bitcoin losing nearly 2% in a matter of hours. Despite the recent drop, Bitcoin remains above the key $100,000 level and continues to trade within a range established since early May. Investors now watch closely for further developments that may sway global markets and digital asset prices.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.