Trump's Iran pledge underpins crypto gains as bitcoin bears face liquidation pressure

60-second summary

Trump’s renewed pledge to enforce Iran sanctions fuels a rally, pushing Bitcoin above $31,000 as short sellers scramble to cover positions and face liquidation pressure; the heightened geopolitical risk prompts investors to seek crypto safe‑havens, while the broader market anticipates further upside if sanctions tighten, suggesting continued bullish momentum for digital assets.