FameEX Hot Topics | Bitcoin Slips Following Reports Trump Summoned Advisers to Situation Room

Bitcoin suffered a sharp drop of over $2,000 late Monday as tensions in the Middle East escalated dramatically. The broader cryptocurrency market followed suit, with risk sentiment weakening after U.S. President Donald Trump made unexpected moves during the G7 summit. Bitcoin, which had earlier surged to an intraday high of $108,780, fell to $106,421 before staging a minor rebound.

Reports from Reuters revealed that Trump abruptly left the G7 summit in Canada and ordered the National Security Council to convene in the White House Situation Room. The move came amid rising fears of conflict between Israel and Iran. Trump further intensified concerns by posting a chilling message on Truth Social: “Everyone should immediately evacuate Tehran!”

White House Press Secretary Karoline Leavitt confirmed that Trump had arrived in Canada on Sunday but chose to leave early due to the developing crisis. “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,” she said, according to CBS News.

The cryptocurrency market reacted swiftly to the geopolitical uncertainty, with Bitcoin dropping by nearly 2% within hours. While the asset has remained above the $100,000 mark since early May and continues to trade within a defined range, the latest developments have injected fresh volatility. Investors are closely monitoring the situation, as any further escalation could have broader implications for global markets and crypto sentiment.

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