Trump has yet again posted something that stopped crypto traders mid-session.
“A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will.”
That is not a ceasefire signal. That is a regime change declaration. And Bitcoin is sitting at $68,355 – already down 1.61% on the day, erasing the gains it spent all of Monday building.
Less than 24 hours ago, this felt like it might be resolved. Egypt, Pakistan and Turkey had sent a 45-day ceasefire proposal to both sides, with Pakistan’s army chief reportedly in contact “all night long” with US Vice President JD Vance, special envoy Steve Witkoff and Iranian Foreign Minister Abbas Araqchi.
Bitcoin jumped above $70,000 on Monday, its highest since March 25, as markets priced in de-escalation and roughly $273 million in bearish bets were unwound.
Then Iran rejected the proposal. Tehran said it wants a permanent end to the war, not a 45-day pause, and that “negotiations are entirely incompatible with ultimatums.” Trump called the proposal “a significant step but not good enough.”
Defense Secretary Hegseth told reporters: “Today will be the largest volume of strikes since day one. Tomorrow, even more than today.”
This whipsaw is not new. QCP Capital confirmed that Bitcoin has been trading in a $65,000 to $70,000 band throughout the conflict, rising on peace signals and falling on escalation. The pattern has played out so consistently that seasoned traders have stopped watching charts and started watching Trump’s Truth Social feed instead.
When Trump posted “great progress” in ceasefire talks, Bitcoin climbed to $67,800. When Iran rejected the 15-point peace proposal, it slid back. Bitcoin fell 2.2% earlier today before the regime change post even landed, per Bloomberg.
As Coinpedia reported previously, Iran’s own denials have repeatedly reversed whatever market gains a Trump peace post created – the Iran Reverse Indicator theory playing out in real time.
If tonight ends in de-escalation, Bitcoin likely pushes back toward $70,000. If infrastructure strikes escalate as threatened, markets face their most serious test of this conflict.
At $68,355 with a live deadline and a regime change declaration on Truth Social, the next few hours matter.
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