Bitcoin is about $70K as Trump says Iran has ‘nothing left’

Another reason for BTC’s recent volatile session may be related to the recently released February CPI numbers.

US President Donald Trump continues to comment on tensions in the Middle East, once again hinting that the war may end soon.

Bitcoin price experienced immediate volatility after his comments went viral on social media.

TRUMP SAYS ‘NOTHING LEFT TO TARGET’ IN IRAN WAR

Donald Trump told Axios that the conflict with Iran will end “soon” because there is “virtually nothing left to target.” He added, “whenever I want it to be over, it’s over.”

But US and Israeli authorities are planning at least two more…

— *Walter Bloomberg (@DeItaone) March 11, 2026

It’s Trump’s second similar claim in the past few days, after he said on Monday that the war was “too full and too much.” However, some of the authorities of the country and its partner in this case, Israel, do not support his statement.

A report by Walter Bloomberg indicates that the two countries are planning “at least two more weeks of strikes.” In addition, the situation finally escalated after the US reported that Iran had laid mines in the Strait of Hormuz.

The US military has destroyed at least 16 minesweepers in the region, but officials have claimed that “it is not clear how many mines Iran has planted”.

Bitcoin was trading at $69,200 before Trump’s announcement, but immediately jumped nearly two grand. Although it stopped at $71,100, it is still trading above $70,000 at press time.

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There is another possible reason for BTC’s volatility. As reported a few hours ago, US CPI data was released for February and it was in line with expectations. However, Bitcoin remained relatively quiet in the first 90 minutes after the news broke, so Trump’s war declaration seems to have had a deeper impact.