Bitcoin and gold costs slipped as President Donald Trump says U.S. munitions stockpiles on the medium and upper-medium stage are “virtually unlimited,” signaling the US-Iran conflict might lengthen to weeks.
Donald Trump Touts Unlimited US Munition Stockpiles amid Iran War
President Donald Trump claimed the United States’ munition stockpiles have “never been higher or better,” as the US is racing to destroy Iran’s missile and drone drive earlier than working out of interceptors.
“As was stated to me today, we have a virtually unlimited supply of these weapons. Wars can be fought ‘forever,’ and very successfully, using just these supplies,” Trump posted on Truth Social, brazenly touting a vast provide of weapons in battle with Iran.
“At the highest end, we have a good supply, but are not where we want to be. The United States is stocked, and ready to WIN, BIG!!! ” he mentioned. This comes in keeping with his earlier stance of extending the Iran conflict for at the very least 4 weeks.
President Trump won’t get the United States right into a years-long battle with no clear goal.
Iran can by no means be allowed to acquire a nuclear weapon. That is the purpose of this operation and President Trump will see it by to completion. pic.twitter.com/Spi2Mcke6F
— JD Vance (@JDVance) March 3, 2026
Bitcoin Falls Under $68,000
Bitcoin erased earlier features and dropped 3% to commerce at $67,946. The 24-hour high and low are $65,303 and $70,044, respectively. Furthermore, buying and selling quantity has elevated by 40% within the final 24 hours, indicating an increase in curiosity amongst merchants.
In the day by day timeframe, BTC worth is shifting in a slender Bollinger bands and under 50- shifting common (MA), 100-MA and 200-MA. Bitcoin on-chain data confirms bear market circumstances stay intact.
CoinGlass knowledge confirmed combined sentiment within the derivatives market. At the time of writing, the overall BTC futures open curiosity jumped nearly 4% to $44.48 billion within the final 24 hours. However, the 4-hour BTC futures OI on CME and Binance tumbled greater than 6.50% and three%, respectively.
Gold Slips Under $5,300
Spot gold costs fell $100/ouncesin 90 minutes, formally dropping under $5,300 after Donald Trump alerts large munitions provide to proceed the US-Iran conflict.
BREAKING: Spot gold costs fall -$100/ouncesin 90 minutes, formally dropping under $5,300/oz. pic.twitter.com/5SD47r5mQI
— The Kobeissi Letter (@KobeissiLetter) March 3, 2026
Amid rising geopolitical tensions within the Middle East, the US and Israel are rising assaults on Iran and signaling that the battle might final for a month or “far longer.”
However, gold is dealing with stress attributable to a US greenback index (DXY) and rising US 10-year Treasury yields. Meanwhile, Iran declared the Strait of Hormuz closed and threatened to focus on any vessels making an attempt to transit the crucial power hall, driving oil costs increased.
This might push US inflation increased, prompting merchants to scale back bets for Fed price cuts. This will trigger Bitcoin and gold to drop additional. CME FedWatch Tool now reveals odds of subsequent Fed price minimize pushed to September.
