Bitcoin rallies 2.3% after Trump rejects Iran peace proposal
Bitcoin whipsawed 2.3% to nearly $82,350 after President Trump rejected Iran's peace counteroffer, with analysts citing supportive US Senate decisions.
Bitcoin surged 2.3% to nearly $82,350 after US President Donald Trump rejected Iran's peace counteroffer, calling it 'totally unacceptable.' The digital asset had earlier dipped to $80,520 before reversing sharply within hours.
The price swing followed Trump's flat refusal of Iran's proposal to end hostilities, reigniting geopolitical uncertainty. Bitcoin's resilience above $80,000 is supported by two favorable decisions in the US Senate this week, according to 10x Research CEO Markus Thielen. Traders can track live Bitcoin price action on NowPrice's crypto dashboard to monitor further volatility.
Investors are now watching for any escalation in Middle East tensions and the outcome of the Senate votes, which could reinforce Bitcoin's support level. A sustained break above $82,500 may signal further upside, while a drop below $80,000 could test recent lows.