<div id="readability-page-1" class="page"><div><div><p>Bitcoin surged sharply above $82,000 on Sunday after Donald Trump rejected Iran’s latest peace proposal, reigniting geopolitical uncertainty across global markets and triggering a wave of short liquidations.</p><p>Trump's statement caused the price of Bitcoin to fall temporarily from $81,430 to $80,520  before shooting up again to $82,347 less than 3 hours after the announcement, according to CoinGecko. The Bitcoin rise also resulted in $64 million worth of short positions being wiped out. </p><p><img src="https://imageproxy.pbkrs.com/https://image.coinlive.com/cryptotwits-static/ac26a8d92c49d484b8fdf8ae8c0a3f5c.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="591" height="418" original-src="https://imageproxy.pbkrs.com/https://image.coinlive.com/cryptotwits-static/ac26a8d92c49d484b8fdf8ae8c0a3f5c.png"/></p><p>Just yesterday, Trump blasted Iran’s counteroffer as “TOTALLY UNACCEPTABLE” in a Truth Social post.</p><div><div><blockquote><p dir="ltr" lang="en">WATCH: President Trump calls the Iran peace deal &#34;TOTALLY UNACCEPTABLE!&#34; pic.twitter.com/qu52Xqsdwhhttps://t.co/cbfWt9aB4m</p>— Financelot (@FinanceLancelot) May 10, 2026</blockquote></div></div><p>The sudden move wiped out nearly $64 million in short positions, according to market data from CoinGlass.</p><p>Markets initially reacted nervously to Trump’s comments, which effectively dashed hopes of a near-term resolution to the escalating US-Iran conflict.</p><p>Iran had reportedly demanded war reparations and the release of frozen financial assets as part of its proposed settlement — terms Trump immediately rejected.</p><div><div><blockquote><div dir="ltr" lang="en"><p>The U.S. and Iran are at an impasse once again in the talks to end more than two months of war. President Trump said the ceasefire is on “life support” after Tehran's latest offer did not include nuclear concessions.</p><p>The administration announced a new round of sanctions against… pic.twitter.com/PC87nsEYD1</p></div>— PBS News (@NewsHour) May 11, 2026</blockquote></div></div><p>Bitcoin briefly dipped following the announcement before rapidly reversing higher, reinforcing the cryptocurrency’s growing reputation as a geopolitical volatility trade rather than a pure risk asset.</p><p>The broader market reaction reflected rising tension across the Middle East. Oil prices jumped another 4.6% to nearly $99 per barrel amid concerns surrounding the Strait of Hormuz, a critical shipping route responsible for roughly one-fifth of global oil trade.</p><div><div><blockquote><div dir="ltr" lang="en"><p>🚨🚨Oil prices crashing this morning with fresh ‘Peace Deal’ talks.</p><p>Drilling rigs are not rigging up full speed as Operators are being overly cautious with the oil price volatility. $100+ per barrel is great profit, but the price crash hurts once calm is restored in the Middle… pic.twitter.com/tjE0MMJVvj</p></div>— Roughneck (@Roughneck4795) May 7, 2026</blockquote></div></div><p>Israeli Prime Minister Benjamin Netanyahu also added to the uncertainty, stating that the conflict would not end until Iran’s uranium infrastructure is dismantled.</p><p>While geopolitical instability helped fuel Sunday’s rally, analysts say Bitcoin may now be entering a far more important week driven by two crucial Washington policy developments that could essentially determine the fate of the crypto market.</p><p>The first is Monday’s confirmation vote for Kevin Warsh as the next Federal Reserve chair. Although Warsh is viewed as more hawkish on inflation than current Fed Chair Jerome Powell, Thielen argued that removing uncertainty around Fed leadership could ultimately support risk assets.</p><div><div><blockquote><div dir="ltr" lang="en"><p>🚨🚨Oil prices crashing this morning with fresh ‘Peace Deal’ talks.</p><p>Drilling rigs are not rigging up full speed as Operators are being overly cautious with the oil price volatility. $100+ per barrel is great profit, but the price crash hurts once calm is restored in the Middle… pic.twitter.com/tjE0MMJVvj</p></div>— Roughneck (@Roughneck4795) May 7, 2026</blockquote></div></div><p>The second — and potentially more important — catalyst is Thursday’s Senate Banking Committee markup on the CLARITY Act, a major crypto market structure bill widely viewed as one of the most significant pieces of digital asset legislation in years.</p><div><div><blockquote><div dir="ltr" lang="en"><p>SENATE BANKING COMMITTEE DROPS 309 PAGE CLARITY ACT DRAFT AND THE CLOCK IS NOW TICKING </p><p>Senate Banking Committee releases new 309 page CLARITY Act draft ahead of Thursday markup. </p><p>The release comes months after the January markup triggered industry backlash and a string of… pic.twitter.com/Bt6kVVEb1q</p></div>— BSCN (@BSCNews) May 12, 2026</blockquote></div></div><p>Thielen described the bill as a potential turning point for regulatory certainty across the crypto industry.</p><blockquote>&#34;Two catalysts stand out this week, a Senate vote on Monday for Kevin Warsh's confirmation as Federal Reserve chair and the Senate Banking Committee's markup on the CLARITY Act on Thursday.&#34;</blockquote><p>Despite months of escalating conflict between the US and Iran, Bitcoin has continued climbing steadily higher. Since the conflict intensified in late February, Bitcoin has gained nearly 30%, outperforming both gold and the S&amp;P 500 during the same period.</p><div><div><blockquote><p dir="ltr" lang="en">Bitcoin looks cheap.<br/>If it regains the 35x XBT/XAU cross implied by current levels of the Buffett Indicator, we're looking at $160k, and that's just catching up to where equities already are. pic.twitter.com/9sYkwg9Ngg</p>— matthew sigel, recovering CFA (@matthew_sigel) May 11, 2026</blockquote></div></div><p>The resilience marks a dramatic turnaround after Bitcoin previously retreated from its October high above $126,000, with traders now increasingly treating geopolitical instability and regulatory progress as catalysts rather than threats.</p><p>Bitcoin’s latest rally suggests traders are no longer viewing geopolitical chaos as a reason to flee crypto markets. Instead, investors appear increasingly focused on the possibility that regulatory clarity in Washington — combined with sustained macro uncertainty — could become the fuel for Bitcoin’s next major breakout.</p></div></div></div>

On May 10, Trump tweeted angrily declaring Iran's latest response "completely unacceptable." Iran, through Pakistan, proposed an immediate ceasefire and the lifting of the naval blockade, while the US insists that Iran suspend uranium enrichment and restore passage through the Strait of Hormuz. The two sides remain fundamentally opposed. Do you think there's any possibility of breaking this deadlock?

<p>On May 10, Trump tweeted angrily declaring Iran's latest response "completely unacceptable." Iran, through Pakistan, proposed an immediate ceasefire and the lifting of the naval blockade, while the US insists that Iran suspend uranium enrichment and restore passage through the Strait of Hormuz. The two sides remain fundamentally opposed. Do you think there's any possibility of breaking this deadlock?</p>

US-Iran deadlock returns — is a ceasefire still possible?

GBTC

COIN

<p>Bitcoin surged above $82,000 after Donald Trump rejected Iran's peace proposal, causing geopolitical uncertainty and triggering short liquidations. The price briefly dipped before rising again, wiping out $64 million in short positions. Analysts suggest Bitcoin's rally is driven by upcoming U.S. policy developments, including the confirmation vote for the new Federal Reserve chair and the Senate Banking Committee's markup on the CLARITY Act, which could provide regulatory clarity for the crypto market. Despite ongoing U.S.-Iran tensions, Bitcoin has gained nearly 30% since the conflict escalated in February.</p>

- Bitcoin surged above $82,000 following Donald Trump's rejection of Iran’s peace proposal, temporarily dipping before rallying as geopolitical tensions fueled market volatility.  
- The announcement led to approximately $64 million in short positions being liquidated, reflecting Bitcoin's growing status as a geopolitical volatility trade.  
- Key upcoming events, including a Senate confirmation vote for the Federal Reserve chair and the markup of the CLARITY Act, are anticipated to significantly impact the crypto market.

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Bitcoin Explodes Above $82K After Trump Rejects Iran Peace Deal as Two Important Decision Looms