Bitcoin Jumps 2.3% to $82K After Trump’s Iran Rejection
The post Bitcoin Jumps 2.3% to $82K After Trump’s Iran Rejection appeared on BitcoinEthereumNews.com. Rebeca Moen May 11, 2026 03:10 Bitcoin surged 2.3% to $82,350 following Trump’s rejection of Iran’s peace offer, wiping out $64M in short positions. Bitcoin (BTC) surged 2.3% to $82,350 on Sunday after U.S. President Donald Trump rejected Iran’s peace proposal, signaling prolonged tensions in the Middle East. The move erased nearly $64 million in short positions, according to Coinglass data. The cryptocurrency initially dipped to $80,520 following Trump’s comments on Truth Social, where he labeled Iran’s counteroffer as “TOTALLY UNACCEPTABLE.” Within three hours, Bitcoin reversed course, climbing to $82,347 per CoinGecko data. This volatility underscores Bitcoin’s role as a potential hedge during geopolitical uncertainty. Market reactions extended beyond crypto. Oil prices jumped 4.6% to $98.70 per barrel, reflecting concerns over the ongoing conflict near the Strait