Bitcoin falls as concerns rise over Iran war escalation sparked by Trump's comments

After President Trump threatened to take further military strikes against Iran, market risk aversion rose again, causing Bitcoin to fall. Trump said in a primetime speech on Wednesday that the US would deliver a "very heavy blow to Iran in the coming two to three weeks." On Tuesday, Trump had suggested the US might withdraw from Iran within two to three weeks, but his latest comments seem to contradict that earlier statement. These latest remarks have sparked new concerns about escalating conflict and reduced demand for risky assets, including cryptocurrencies. Analysts at Shengbao stated in a report that the direction of Bitcoin still largely depends on macroeconomic risks and overall market confidence. Data from the London Stock Exchange Group shows Bitcoin fell 2.2% to $66,664, hitting a near one-week high of $69,232 on Wednesday before pulling back.