Bitcoin jumps 5% after Trump tells Netanyahu ‘I call the shots’

Bitcoin climbed about 5% late Sunday after President Trump said “I call the shots” on Israel and said Prime Minister Benjamin Netanyahu would have to accept a U.S. deal with Iran.

The comments came the evening of June 7, after Israel struck sites in south Beirut it linked to Hezbollah, killing two people and injuring at least 20. Iran’s Islamic Revolutionary Guard Corps reported it carried out “warning strikes” in response and urged Israel to stand down.

Markets moved quickly. Bitcoin fell from roughly $62,000 to about $61,200 when the strikes were first reported. The currency then reversed after Trump’s interview, rising roughly 5% from the low to about $64,300.

In a televised interview, Trump told viewers, “I call the shots. I call all the shots. He doesn’t call the shots,” referring to Netanyahu. He added that the Israeli leader “won’t have any choice” but to accept whatever agreement Washington reaches. Trump confirmed he had urged Netanyahu not to retaliate, said the strikes were not coordinated with the U.S. and described the deal as “almost complete,” expected to be announced at the start of the new business week.

Bitcoin is trading about $20,000 below its mid-May peak near $82,000. Market participants have previously reacted to the president’s diplomatic remarks; earlier comments helped push the price above $74,000.

U.S. markets are set to reopen Monday. Investors will watch for any formal announcement on the Iran negotiations or further statements from Washington or Tel Aviv that could influence risk appetite and the broader cryptocurrency market.