Bitcoin Falls as Trump Rejects Iran Offer to Reopen Strait of Hormuz
As CoinGape reported earlier, Bitcoin and the broader crypto market are experiencing significant volatility amid stalled U.S.-Iran peace talks. President Trump had canceled his envoys trip to Pakistan for the second round of peace talks over the weekend. Now, the president appears content with simply keeping the blockade at the Strait of Hormuz in force until Iran puts forward a deal that also addresses the countrys nuclear program. He told Axios that he sees the blockade as “somewhat more effective than the bombing.” Meanwhile, President Trump also posted a Truth Social post, which contained an image with the caption, “NO MORE MR. NICE GUY.” He also told Iran to “better get smart soon,” as they are so far showing that they dont know how to sign a non-nuclear deal. Strikes Against Iran Still On The Table Axios also reported that the U.S. Central Command (CENTCOM) has prepared a plan for a “short and powerful” wave of strikes on Iran in hopes of breaking the negotiating deadlock. This also poses a risk to the Bitcoin price and the broader crypto market, as it could further escalate tensions between the two sides. According to the report, these strikes would likely include infrastructure targets after which the U.S.