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Anndy Lian: Bitcoin drops after Trump rejects Iran response to U.S. ceasefire proposals
Anndy Lian, industry influencer, reports that President Donald Trump has labeled Iran's response to U.S. proposals for ending the war as "totally unacceptable."
Lian notes that Bitcoin, which had briefly surged above $82,000 on May 10 due to optimism around a possible ceasefire, sharply lost its gains following Trump's remarks.
Lian had previously discussed Bitcoin's decline from $77,000–$79,000 following the FOMC's decision to leave rates unchanged, as several regional presidents dissented on policy direction here. On April 28, he also reported that major U.S. stock indices closed lower as traders adjusted ahead of a Federal Reserve policy meeting here. The recent price action in Bitcoin follows a series of market shifts tracked by Lian across both crypto and equities.
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