Bitcoin Climbs Above $82K After Trump Rejects Iran Peace Proposal

Bitcoin moved sharply higher on Sunday, rising more than 2% after US President Donald Trump rejected Iran’s latest peace proposal, adding fresh uncertainty to the ongoing Middle East conflict. The cryptocurrency briefly dropped before quickly recovering, showing resilience above the key $80,000 support level.

Bitcoin Price Reacts to Trump’s Iran Comments

Bitcoin initially slipped from around $81,430 to nearly $80,520 shortly after Trump described Iran’s counteroffer as “totally unacceptable.” However, market sentiment shifted quickly, sending Bitcoin above $82,300 within hours.

The rapid move higher also triggered heavy liquidations in the futures market, with nearly $64 million in short positions wiped out as traders betting against Bitcoin were forced to close positions.

Bitcoin Gains Support From US Regulatory Developments

Analysts believe Bitcoin’s recent strength may also be linked to growing optimism around upcoming policy decisions in Washington. Attention is focused on a Senate vote related to Federal Reserve leadership and discussions around the CLARITY Act, a proposal aimed at improving digital asset regulations.

Despite ongoing geopolitical tensions, Bitcoin has gained nearly 30% since late February, outperforming traditional assets including gold and the S&P 500 during the same period.