Bitcoin Falls Toward $83,000 as Trump Rejects Iran Ceasefire Deal

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin slipped toward $83,000 after Trump rejected Iran's Hormuz proposal, sending oil above $100 and wiping out $478 million in crypto liquidations.$Bitcoin started the week on the back foot. After a calm weekend near $84,400, the price dropped to around $83,000 on Monday, down roughly 1.8% in 24 hours. The trigger did not come from crypto at all. It came from Washington.BTC chart in USDWhy Is Bitcoin Down Today?President Donald Trump confirmed he has rejected a seven-day proposal from Iran that would have reopened the Strait of Hormuz and paused hostilities. Tehran had offered the plan in exchange for sanctions relief, the release of frozen assets and a broader regional truce. Trump described the offer as something the US might have accepted a year ago, and the Wall Street Journal reported he expects to resume strikes on Iran after the November 3 midterms. The US naval blockade stays in place.Markets reacted immediately. Brent crude climbed back above $100 a barrel, the dolla...