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Bitcoin rose about 2.3% after US President Donald Trump called an Iran peace proposal “totally unacceptable,” a move that heightened Middle East uncertainty and coincided with a sharp intraday move in BTC prices.
According to CoinGecko data, Bitcoin briefly fell from $81,430 to $80,520 within 45 minutes of Trump’s post on Truth Social on Sunday, before rebounding to $82,347 less than three hours later.
Trump rejected Iran’s counteroffer to end the war, which could prolong tensions in the Middle East. In the post, Trump said, “I don’t like it — TOTALLY UNACCEPTABLE,” after reading Iran’s proposal. Iran has previously requested that the US pay for war reparations and unfreeze blocked Iranian financial assets.
Bitcoin’s rally also triggered forced position closures: Coinglass data cited nearly $64 million in short positions wiped out over the last four hours.
10x Research CEO Markus Thielen said Bitcoin’s strength above $80,000 could be supported by two favorable decisions in the US Senate this week, according to Cointelegraph.
Thielen pointed to:
Thielen said Warsh is widely regarded as more hawkish on inflation than the current Fed chair, Jerome Powell. He added that Warsh’s confirmation would remove an uncertainty overhang.
Thielen described the CLARITY Act as the most significant piece of crypto legislation in years, saying it could mark a turning point for regulatory certainty across digital assets.
Despite the US-Iran conflict, Bitcoin has risen 29.7% since the war began on Feb. 28, when a US airstrike killed Iran’s Supreme Leader Ayatollah Ali Khamenei.
The article also noted that Bitcoin has outperformed the S&P 500 and gold since the conflict started, while clawing back some losses from October, when Bitcoin reached a high of $126,080.

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