Reports indicate that Trump has shown “disgust” towards his European allies.
After a prolonged period of stability, during which Bitcoin (BTC) hovered above $67,000, its value has fallen by approximately $1,000 since yesterday’s high.
This recent market shift aligns with an article from the Wall Street Journal, highlighted by The Kobeissi Letter, discussing the rapidly declining relationship between the European Union and the United States.
The report suggests that the transatlantic partnership, which has lasted nearly a century, is approaching a “breaking point” due to the situation in Iran. President Donald Trump is reportedly frustrated that EU leaders have declined to offer assistance.
It’s worth noting that several EU nations, such as Spain, France, and Italy, have consistently refused to provide military support to the U.S.
Details from the WSJ report reveal Trump’s expressions of “disgust” towards European allies for their lack of participation in the Iran conflict. He has also questioned whether it serves American interests to defend Europe if they do not contribute to U.S. military operations in the Middle East or elsewhere.
Furthermore, the report indicates that the White House’s current position marks a significant shift in U.S. global strategy since World War II.
BREAKING: The alliance between the US and Europe is reportedly nearing a “breaking point” over the Iran War. President Trump has “mused” to aides about potentially withdrawing from NATO, according to WSJ.
Key points include:
1. US-European relations are “deteriorating rapidly”
2. Trump has…
— The Kobeissi Letter (@KobeissiLetter) April 5, 2026
Related Articles:
Bitcoin remained largely unchanged for over 36 hours leading up to today. Even yesterday’s repeated warnings regarding Iran’s activities in the Strait of Hormuz had minimal impact. However, following the WSJ report, BTC dropped to $66,600, $1,000 less than yesterday’s peak.
This amount of price fluctuation is somewhat minor, given expectations for a more subdued weekend. However, the outlook for April suggests significant volatility, particularly on Monday when Trump’s deadline concerning Iran concludes.