Bitcoin and gold costs slipped as President Donald Trump says U.S. munitions stockpiles on the medium and upper-medium degree are “nearly limitless,” signaling the US-Iran conflict might lengthen to weeks.
Donald Trump Touts Limitless US Munition Stockpiles amid Iran Conflict
President Donald Trump claimed the US’ munition stockpiles have “by no means been greater or higher,” because the US is racing to destroy Iran’s missile and drone drive earlier than operating out of interceptors.
“As was acknowledged to me at the moment, we’ve a nearly limitless provide of those weapons. Wars might be fought ‘endlessly,’ and really efficiently, utilizing simply these provides,” Trump posted on Reality Social, brazenly touting a vast provide of weapons in battle with Iran.
“On the highest finish, we’ve a very good provide, however aren’t the place we wish to be. The USA is stocked, and able to WIN, BIG!!! ” he stated. This comes in keeping with his earlier stance of extending the Iran conflict for no less than 4 weeks.
President Trump is not going to get the US right into a years-long battle with no clear goal.
Iran can by no means be allowed to acquire a nuclear weapon. That’s the purpose of this operation and President Trump will see it by way of to completion. pic.twitter.com/Spi2Mcke6F
— JD Vance (@JDVance) March 3, 2026
Bitcoin Falls Underneath $68,000
Bitcoin erased earlier good points and dropped 3% to commerce at $67,946. The 24-hour high and low are $65,303 and $70,044, respectively. Moreover, buying and selling quantity has elevated by 40% within the final 24 hours, indicating an increase in curiosity amongst merchants.
Within the every day timeframe, BTC value is shifting in a slim Bollinger bands and under 50- shifting common (MA), 100-MA and 200-MA. Bitcoin on-chain information confirms bear market situations stay intact.
CoinGlass information confirmed blended sentiment within the derivatives market. On the time of writing, the full BTC futures open curiosity jumped nearly 4% to $44.48 billion within the final 24 hours. Nevertheless, the 4-hour BTC futures OI on CME and Binance tumbled greater than 6.50% and three%, respectively.
Gold Slips Underneath $5,300
Spot gold costs fell $100/ozin 90 minutes, formally dropping under $5,300 after Donald Trump alerts huge munitions provide to proceed the US-Iran conflict.
BREAKING: Spot gold costs fall -$100/ozin 90 minutes, formally dropping under $5,300/oz. pic.twitter.com/5SD47r5mQI
— The Kobeissi Letter (@KobeissiLetter) March 3, 2026
Amid growing geopolitical tensions within the Center East, the US and Israel are growing assaults on Iran and signaling that the battle might final for a month or “far longer.”
Nevertheless, gold is going through strain attributable to a US greenback index (DXY) and rising US 10-year Treasury yields. In the meantime, Iran declared the Strait of Hormuz closed and threatened to focus on any vessels making an attempt to transit the essential vitality hall, driving oil costs greater.
This might push US inflation greater, prompting merchants to cut back bets for Fed charge cuts. This may trigger Bitcoin and gold to drop additional. CME FedWatch Software now reveals odds of subsequent Fed charge lower pushed to September.
