Bitcoin trades flat as US-Iran tensions remain high. Iran reportedly rejects negotiations. This comes despite recent claims that it requested to resume talks.
Consequently, BTC continues to trade around $64,000. It is up less than 1% today. TradingView data confirms the price action.
Why Bitcoin trades flat as US-Iran talks stall
Iran has said negotiations are off the table. This continues until the US retreats from its positions. Fars news agency reported this. It cited a source close to the negotiating team.
Iran also denied claims that it requested talks. This contradicts President Trump’s statement yesterday. Trump said Iran asked to continue talks. He said the US had agreed. The ceasefire is already over.
The US-Iran war began in February. Stalled talks cast doubt on any deal. This uncertainty keeps Bitcoin range-bound.
The war escalated again this week. The US accused Iran of ceasefire violations. Iran attacked at least three oil tankers. These attacks occurred in the Strait of Hormuz.
Iran maintains control over this chokepoint. It plans to charge tolls on passing ships. This adds more tension to the region.
The Iranian source outlined US withdrawal terms. These include the Lebanon working group. They also cover the Strait of Hormuz passage. Until then, Iran views negotiation speculation as unfounded.
US makes new demands amid stalled talks
The US has also made demands on Iran. Peace talks remain stalled. US officials want Iran to stop firing on ships. Iran must issue a statement on this. The Strait of Hormuz passages must open.
The US warned of consequences. These will follow if Iran does not comply. The US Treasury announced new sanctions. These target a key financier for the Supreme Leader. They also target Iran’s Shadow Exchange.