According to The Kobeissi Letter, President Trump has firmly denied any outreach to Iran for peace talks, labeling recent reports as 'highly fabricated, fake news' (source: The Kobeissi Letter, June 17, 2025). This public denial has heightened geopolitical tensions in the Middle East, potentially increasing volatility in traditional and cryptocurrency markets. Traders should monitor BTC and ETH for increased price swings due to renewed uncertainty, as risk-off sentiment could drive capital flows into or out of digital assets depending on further developments.

According to Fox News, Israeli Prime Minister Benjamin Netanyahu accused the UK, France, and Canada of 'enabling Hamas' in a recent statement on May 23, 2025. This development has heightened geopolitical tensions in the Middle East, a region whose instability historically drives volatility in global financial markets, including cryptocurrency trading. Traders should monitor Bitcoin and Ethereum price action, as previous escalations have led to increased demand for decentralized assets and safe-haven cryptocurrencies (source: Fox News).