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Bitcoin Whipsaws Around $70K as Trump Says There’s ‘Nothing Left’ to Hit in Iran

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BTCUSD Mar 11. Source: TradingView


The other reason behind BTC’s latest volatile session could be linked to the recently released CPI numbers for February.

US President Donald Trump continues to comment on the quickly escalating tension in the Middle East, suggesting once again that the war could be over soon.

Bitcoin’s price experienced immediate volatility after his remarks became viral on social media.

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This is Trump’s second similar claim in the past few days, after he noted on Monday that the war “is very complete, pretty much.” However, his statements are not supported by some country officials as well as its partner in this case, Israel.

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Walter Bloomberg’s report indicated that the two countries plan “at least two more weeks of strikes.” Additionally, the situation lastly escalated after the US started reporting that Iran had put mines in the Strait of Hormuz.

The US military has destroyed at least 16 mine-laying boats in the region, but officials have asserted that “it’s unclear how many mines Iran has deployed.”

Bitcoin traded at $69,200 before Trump’s statement went live, but skyrocketed by almost two grand instantly. Although it was stopped at $71,100, it still trades above $70,000 as of press time.

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There’s another possible reason behind BTC’s volatility. As reported a few hours ago, the US CPI data for February was released, and it matched expectations. However, bitcoin remained relatively calm in the first 90 minutes after the news went live, so Trump’s remarks on the war seem to have a more profound impact.

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BTCUSD Mar 11. Source: TradingView
BTCUSD Mar 11. Source: TradingView

 

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Crypto World

Ripple to Buy Back $750M in Shares through April: Report

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Ripple to Buy Back $750M in Shares through April: Report

Despite a decline in the price of XRP in the last year, Ripple is expected to reach a valuation 25% higher than reported after a November 2025 funding round.

Ripple Labs reportedly plans to buy back up to $750 million worth of shares from investors and employees in a program set to give the company a $50 billion valuation.

According to a Wednesday Bloomberg report, Ripple plans to run a tender offer for the shares through April. The $750 million buyback program will reportedly value the company at $50 billion, 25% higher than the valuation assigned following its $500 million raise in November 2025. The company’s president, Monica Long, said at the time that Ripple had no plans to go public.

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The reported buyback follows Ripple’s expansion of operations beyond the crypto industry, including through the $1.2 billion acquisition of non-bank prime broker Hidden Road and treasury management system provider GTreasury in October. Earlier this week, the company said that it would move forward with plans for a financial services license in Australia through the acquisition of a local payments firm.

On Monday, Ripple reported that it had processed more than $100 billion in transactions, with its stablecoin, Ripple USD (RLUSD) exceeding a $1 billion market capitalization since its launch in December 2024. The price of XRP (XRP) has fallen more than 53% in the previous six months, trading hands at $1.39 at the time of publication.

Related: Ripple expands stablecoin payments stack for banks, fintechs

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Data from private shares platform Forge Global showed more than a 9% drop in Ripple’s private share price as of Wednesday.

Making progress with US national trust bank charter

In December, the US Office of the Comptroller of the Currency announced that it had conditionally approved Ripple and other crypto companies for national trust bank charters. The company specifically said in its application that the charter would “not be a stablecoin issuer” for RLUSD.