Trump’s Iran Deal Collapses Overnight: Bitcoin Drops to 7-Week Low in Panic

• Bitcoin hit a seven-week low as Iran paused US talks and Hormuz tensions lifted crude.
• Brent and WTI jumped after Iran raised closure plans for the Strait of Hormuz oil route.
• Trump said Iran had not informed the US, while AI stocks kept the S&P 500 higher overall.

Bitcoin fell to a seven-week low on Monday after Iran reportedly suspended indirect US-Iran talks and threatened to close the Strait of Hormuz. The move lifted oil prices and pushed traders away from risk assets, including crypto.

BTC dropped to around $70,680 after the reports emerged.

Iran Halts Talks, Threatens Hormuz Closure

IRGC-affiliated Tasnim News Agency reported that Iran had suspended all mediated exchanges with the United States on Monday. The report said both sides remained apart on a deal to extend the ceasefire and end the war.

Tasnim reported that Iran planned to pursue the complete clo…

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