Bitcoin Rises 2.3% After Trump Rejects Iran's Peace Offer
Cointelegraph
Bitcoin climbed 2.3% to over $82,000 after Donald Trump rejected Iran's peace proposal, citing it as "totally unacceptable."Summary
Bitcoin experienced volatility, briefly dipping before surging to over $82,000 after Donald Trump rejected Iran's peace proposal on Truth Social, labeling it "totally unacceptable." The market reaction saw approximately $64 million in short positions liquidated. Ongoing geopolitical tensions in the Middle East, particularly regarding the Strait of Hormuz, continue to impact financial markets, with oil prices also seeing a significant increase. Despite the conflict, analysts remain optimistic about Bitcoin's regulatory outlook, noting upcoming US Senate events—including the confirmation vote for Kevin Warsh and the CLARITY Act—as potential bullish catalysts for the asset.
(Source：Cointelegraph)