Bitcoin Slips Below $68,000 on Trump’s Iran Threats as Scaramucci Defends Market Cycle

Bitcoin prices tumbled below the critical $68,000 support level following aggressive rhetoric from US President Donald Trump regarding Iranian power plants. The geopolitical escalation triggered a swift risk-off sentiment across digital asset markets, leading to immediate downward pressure on BTC/USD. Amid the volatility, SkyBridge Capital founder Anthony Scaramucci dismissed claims that Bitcoin’s traditional four-year cycle has been broken, reaffirming his bullish stance. This market movement coincides with an ongoing debate among prominent investors, including Cathie Wood and Tom Lee, regarding the current market structure and its resilience. While the military threats have created short-term instability, Scaramucci remains vocal about the long-term validity of halving-related price cycles. Market analysts note that the breach of key technical levels reflects the heightened sensitivity of crypto assets to global political developments.

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