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GBP/USD recovers some ground after opening the week with a bearish gap as geopolitical headlines surrounding the Middle East continue to stir volatility across financial markets. At the time of writing, the pair is trading around 1.3614 after bouncing from an intraday low near 1.3553, though it remains down around 0.14% on the day. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 98.00 after hitting an intraday high near 98.15. The US Dollar’s (USD) downside remains limited as hopes for a near-term resolution to the US-Iran war faded after US President Donald Trump rejected Iran’s response to a US-backed proposal aimed at ending the conflict, calling it “totally unacceptable” in a post on Truth Social. Rising political uncertainty in the United Kingdom could also act as a near-term headwind for
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Iranian Parliament speaker Mohammad Bagher Ghalibaf warned on Monday that Iran’s military was fully prepared to retaliate against any future attacks after rising tensions threatened the fragile ceasefire in the Middle East, Reuters reported. Ghalibaf said on X that Iran’s armed forces remained on high alert and capable of responding decisively to any aggression. Earlier Monday, US President Donald Trump said the ceasefire between the United States (US) and Iran is on “massive life support” after he rejected Tehran’s latest peace offer, which he called “simply unacceptable,” Bloomberg reported on Monday. Iran responded to latthe latest peace proposal by demanding a lifting of Washington’s naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz, according to a person familiar with the matter, who asked not to be identified dis
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The Swiss Franc (CHF) regains traction against the US Dollar (USD) on Monday, with USD/CHF pulling back after opening the week with a bullish gap as the Greenback gives up part of its earlier gains while traders continue to monitor developments in the Middle East. At the time of writing, the pair is trading around 0.7773 after touching an intraday high near 0.7795, though it remains up about 0.12% on the day. The pullback in USD/CHF appears largely technical in nature as traders partially fill the bullish opening gap. However, the US Dollar’s downside remains limited as fading hopes for a near-term resolution to the US-Iran conflict support safe-haven demand for the Greenback. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 97.88 after hitting an intraday high near 98.15. U
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
Increased US-Iran tensions may hinder diplomatic efforts, raising the risk of regional instability and impacting global markets and security.
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Heightened US-Iran tensions could destabilize the Middle East, impacting global oil prices and increasing geopolitical risks.
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The post US President Donald Trump rejects new Iran peace proposal as ‘totally unacceptable’ appeared on BitcoinEthereumNews.com.
US President Donald Trump and Iran rejected each other’s latest peace proposals to bring an end to the war in the Middle East as the two sides struggle to maintain a fragile ceasefire, Bloomberg reported on Sunday. “I have just read the response from Iran’s so-called ‘Representatives,’” he said in a social media post, calling it “TOTALLY UNACCEPTABLE,” said Trump. According to the source, which cited people familiar with the response, Iran’s latest proposal would dilute some of its highly enriched uranium and have the rest sent to a third country, but it also called for guarantees the transferred uranium would be returned if talks fail and ruled out dismantling its facilities. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI
The conflict's impact on oil supply highlights vulnerabilities in global energy security, potentially accelerating shifts towards alternative energy sources.
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