Bitcoin’s price charted impressive gains on Tuesday and Wednesday after the lower-than-expected US CPI numbers for June, spiking to a multi-week peak of $65,000.

However, this progress is in danger again due to the quickly escalating tension in the Middle East, especially since many reports outlined US President Donald Trump’s new attack strategy against Iran.

New Attack Strategy Revealed

The two sides sat in a fragile ceasefire for weeks but failed to reach a decisive deal to permanently end the conflict. Instead, the attacks resumed last week; Trump said the memorandum of understanding is over, and they have launched strikes against each other almost daily since then.

According to multiple reports, the POTUS held a meeting in the Situation Room on Tuesday to discuss a “massive offense” against the Middle Eastern country. Some of the details that went public include:

1. The meeting was attended by Vice President JD Vance, Marco Rubio, Pete Hegseth, John Ratcliffe, Steve Witkoff, and other senior officials
2. The new attack strategy will involve strikes with a wider scope than the current ones, which are mostly focused on the region around the Strait of Hormuz.
3. Axios reported that one of the major conclusions of the meeting focused on new plans for “devastating strikes on strategic targets in Iran.”

Moreover, the report claimed that Trump claimed Iran should “better make a deal” or they are “not going to have anything left.” The good news in all of this could come from this particular sentence, as the POTUS has made similar threats in the past, which actually preceded major de-escalations.

Is BTC in Danger Again?

The timing of these new reported plans for mass attacks couldn’t come at a worse time for bitcoin. The primary cryptocurrency has finally shown some strength following a major macro reversal. The CPI data for June showed much lower inflation than expected, which could mean less chance for the US Fed to increase interest rates.

Bitcoin reacted with an immediate price pump that drove it to a multi-month peak at $65,000 after it slumped below $58,000 for the first time in almost two years on July 1. New negative developments on the war front have long harmed its trend reversal, as attacks typically lead to a BTC crash and a surge in oil prices.

Consequently, there’s a real threat that bitcoin can erase the recent gains if the US follows through on its plan and Iran starts to retaliate against many nations in the region as it did in the past.

Source: CryptoPotato