Ah, the mighty Bitcoin! It had been strutting along at a fine, steady pace above $67,000, giving the impression that nothing could shake its mighty resolve. But lo and behold, a mere 24 hours later, it’s dropped a cool thousand bucks. What a dramatic turn, wouldn’t you say?
The plunge seems to coincide with an enlightening report from the Wall Street Journal, as dutifully relayed by The Kobeissi Letter. The topic? Why, it’s the oh-so-charming disintegration of the alliance between the European Union and the good ol’ USA. The alliance that’s held strong for nearly a century is now teetering on the brink of collapse, all thanks to, you guessed it, the delightful situation in Iran.
The WSJ informed us that President Trump is not exactly thrilled with the European Union’s refusal to lend a hand in the Middle Eastern fray. Some might call it “diplomatic indifference,” others might call it “a glaring display of a lack of European enthusiasm for military ventures.” But Trump, in his usual, oh-so-gracious manner, has apparently expressed “disgust” that the Europeans are not jumping into the fray against Iran.
And of course, who can forget those pesky European nations-Spain, France, and Italy-who have, on multiple occasions, refused to send military aid to their American counterparts? How rude! Truly, these Europeans need a lesson in the importance of global military alliances. One can only imagine the collective eye-roll of US officials as they ponder the significance of defending Europe if their allies aren’t willing to pitch in for the Middle East. After all, what are friends for, if not for military support?
The latest WSJ report goes on to claim that the White House is now contemplating a “break” with American foreign policy since the Second World War. Oh, what a revelation! A US President entertaining the thought of stepping back from NATO? Surely, this is the work of a misunderstood genius. Let’s watch the political theater unfold, shall we?
BREAKING: The US-Europe alliance is reportedly reaching a “breaking point” over the Iran War, and President Trump has “mused” to aides about backing out of NATO, per WSJ.
Details include:
1. Trans-Atlantic ties between the US and Europe are “deteriorating rapidly”
2. Trump has…
– The Kobeissi Letter (@KobeissiLetter) April 5, 2026
And yet, amidst this geopolitical drama, Bitcoin has been rather flat, as if it couldn’t care less. It hardly flinched even after Trump’s ominous warning about Iran’s activities in the Strait of Hormuz. But then-BAM-after the Wall Street Journal’s bombshell, Bitcoin drops to $66,600. A paltry thousand-dollar dip, but a dip nonetheless. A grand in Bitcoin is like a feather falling from the sky, is it not?
In any case, it’s all rather mild as far as Bitcoin volatility goes. It’s still relatively tame, considering the weekend was supposed to be a quiet one. But fear not, for the real fireworks are expected starting Monday, when Trump’s deadline for Iran expires. Buckle up, everyone. It’s about to get wild.
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2026-04-05 09:42