Bitcoin Shrugs at Iran-Israel Strikes as Trump Pushes for Peace Deal

Tensions in the Middle East escalated again on Sunday evening as Israel struck sites in Lebanon housing Hezbollah structures and personnel, and Iran responded with warning strikes of its own. US President Donald Trump said he was briefed on the matter and urged Iran to return to the negotiating table after it fired its shots.

The attacks began earlier today when Israel hit south Beirut, killing two people and injuring at least 20, all of whom its officials claimed to be tied to Iran-backed Hezbollah. According to Israel's Benjamin Netanyahu, these attacks were a response to previous strikes from the group against his country.

Iran's Islamic Revolutionary Guard Corps (IRGC) retaliated against Israel, saying its strikes "served as warnings." It urged Israel to stop the attacks, or a new, broader wave would follow.

After noting that he was briefed on the attacks, the POTUS said he was "not happy" with Israel. Moreover, he added that the attacks carried out by the Netanyahu-led country were not coordinated with the US. He also urged Iran to return to the negotiating table after its retaliation. BREAKING: President Trump says he is "not happy" about Israel's earlier strikes on Beirut, Lebanon, and that the attacks were not coordinated with the US, per Fox News. Trump tells Iran: "You've shot your missiles, that's enough. Get back to the table and make a deal." — The Kobeissi Letter (@KobeissiLetter) June 7, 2026

Trump previously said that a permanent peace deal was almost complete and he expected it to be announced at the start of the new business week.

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In the latest development on the matter as of press time, the POTUS said he will call Israel's PM to urge him not to strike back.

Bitcoin, a seasoned veteran of geopolitical tantrums, reacted immediately to the attacks but in a rather dull manner. It dropped from over $62,000 to $61,200 before rebounding and now sits close to its starting point. On a broader scale, the asset has plunged by $20,000 since its mid-May peak at $82,000, and analysts believe the next leg up could come after the war in the Middle East ends. BTCUSD June 7. Source: TradingView