Bitcoin, Ripple’s token XRP, Solana’s SOL, and several other altcoins made notable gains over the past few hours, an unexpected development given typical Sunday market quiet and the absence of any major news.
These recent price moves coincided with a new message from former U.S. President Donald Trump regarding Iran.
In a post on Truth Social, Trump said Iran had been “playing games with the United States, and the rest of the World, for 47 years.” He placed significant blame on former President Barack Obama, claiming the situation reached a turning point during his administration. In the post, Trump asserted Obama had been overly accommodating to Iran and suggested large sums of money were transferred to Tehran.
“He was not only good to them, he was great, actually going to their side, jettisoning Israel, and all other Allies, and giving Iran a major and very powerful new lease on life. Hundreds of Billions of Dollars, and 1.7 Billion Dollars in green cash, flown into Tehran, was handed to them on a silver platter. Every Bank in D.C., Virginia, and Maryland was emptied out — It was so much money that when it arrived, the Iranian Thugs had no idea what to do with it. They had never seen money like this, and never will again. It was taken off the plane in suitcases and satchels, and the Iranians couldn’t believe their luck.”
Trump also criticized President Joe Biden and declared Iran would no longer be able to mock the United States. This comment followed reports that Iran had submitted a response to the U.S. peace proposal; however, no definitive decision or further details have been confirmed at the time of writing.
Turning back to markets, many cryptocurrencies are trading higher. Bitcoin’s gains have been relatively modest compared with some altcoins, though the benchmark coin still reached around $81,600 during the latest move. XRP led the pack among larger-cap alternatives, rising more than 5% on the day to a multi-week high just above $1.50.
Solana’s SOL climbed toward $100 after roughly a 3.5% daily advance. Ether (ETH) traded comfortably above $2,350, while Cardano’s ADA gained over 5%, approaching $0.29.
Overall, the crypto market posted broad-based strength in a session that lacked major macroeconomic headlines, with political developments and risk-on sentiment appearing to support a rally across several tokens.