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Bitcoin pulls back on Iran war escalation. Iran rejected plans for peace talks with the US.

BTC is trading around $65,000 today. It currently trades around $65,010.

Why Bitcoin pulls back on Iran war

Iran’s Foreign Ministry spoke to reporters today. They said there are no plans for talks with the US. The country’s focus is solely on self-defense.

BREAKING: Iran's Foreign Ministry spokesperson says Tehran has no plans to engage in talks with US and is focused solely on defending the country

🔴 LIVE updates: https://t.co/2yUNagCUQa pic.twitter.com/aCaSrpIVWE

— Al Jazeera Breaking News (@AJENews) July 15, 2026

This follows President Trump’s earlier FOX interview. Trump said Iran had called and wanted a deal.

The US-Iran war escalated over the past few days. Both sides carried out airstrikes. Trump reinstated the Iranian blockade. This affects the Strait of Hormuz.

"We're going to hit them very hard tonight. We're going to hit them very hard tomorrow night. We're going to hit them very hard the night after, and then next week it gets really bad for them."

Speaking with FOX News' @TreyYingst, President Trump warned that Iran's energy… pic.twitter.com/ieHMeZ76oC

— Fox News (@FoxNews) July 14, 2026

Trump also threatened to escalate strikes. He said this will happen if Iran does not negotiate soon.

The crypto market had climbed earlier today. PPI inflation data came in lower than expected. However, rising tensions threaten another downtrend.

US continues strikes, escalating tensions

CENTCOM announced a morning round of strikes. They launched precision munitions against Iranian targets.

🚫 CLAIM: Iranian state media claims that U.S. forces struck a civilian wheat storage facility in Hoveyzeh on July 14. This is FALSE.

✅ TRUTH: On July 14, U.S. forces hit Iranian military targets in Bandar Abbas, Khormuj, Ahvaz, Qeshm, Tunb, Bushehr, and Kuh-e Stak to degrade… pic.twitter.com/n7Njez05lE

— U.S. Central Command (@CENTCOM) July 15, 2026

The targets included coastal defense systems. They also hit cruise missile storage sites. Launch sites on Greater Tunb Island were also struck.

The strikes lasted 90 minutes. They further degraded Iran’s capabilities. Iran cannot attack commercial shipping as easily.

Traders bet against peace talks

Crypto traders are betting against peace talks. Polymarket data shows this clearly.

There is only a 24% chance of peace talks. This would need to happen by month’s end.

Iran’s top negotiator is Mohammad Qalibaf. He will release a statement today. This should shed more light on Iran’s stance. The war began in February.