According to The Kobeissi Letter, President Trump has issued his first statement regarding Israel’s attack on Iraq, a development that has triggered immediate volatility in global markets. The statement has heightened investor uncertainty, leading to a rapid increase in trading volume and price swings across major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Market participants are closely monitoring the situation for further geopolitical escalations, which could drive safe-haven flows into digital assets or prompt risk-off movements. Traders should be alert to potential short-term volatility and liquidity shifts in both crypto and traditional markets as the news unfolds (source: The Kobeissi Letter on Twitter, June 13, 2025).