Capital.com‘s Kyle Rodda Flags Bitcoin’s ‘Binary Risk’ as Trumps Iran Deadline Looms
Capital.com Senior Financial Market Analyst Kyle Rodda warned that Bitcoin ($BTC) faces “binary risk” as President Trumps Tuesday 8 PM ET ultimatum to Iran forces traders into a pure escalation-or-relief scenario. $BTC slipped below $69,000 on Tuesday after briefly topping $70,000 the previous day, as Iran rejected a 45-day ceasefire proposal and Trump declared the deadline “final.” Trumps Fourth Deadline and the Crypto Response Trump has demanded Iran reopen the Strait of Hormuz or face strikes on every bridge and power plant in the country. This marks the fourth time the president has extended and reset his ultimatum since March 21. — Rapid Response 47 (@RapidResponse47) April 5, 2026 A fifth delay remains possible if Trump sees a deal forming, though he said Monday he was “highly unlikely” to postpone again. Rodda told BeInCrypto that markets are stuck in a holding pattern, waiting for one of two outcomes. “The strikes happen, things escalate or they don‘t, and then there’s another massive relief rally. Bitcoin remains range-bound, trading between about $US60,000 and $US75,000,” said Rodda. He added that a major escalation would hit $BTC through rising Treasury yields and a stronger US Dollar, both driven by surging oil prices. The US Dollar Index (DXY) has consolidated around 100 and appears
