Bitcoin Price Drops as Trump Rejects Iran’s 7-Day Ceasefire Plan

U.S. President Donald Trump has rejected Iran’s proposed seven-day ceasefire plan and reportedly told close aides that he expects U.S. strikes on Iran to resume after the November 2026 midterm elections.

The news has pressured crypto markets, with Bitcoin falling about 3.81% as the market entered a consolidation phase.

Details of Iran’s 7-Day Ceasefire Proposal

According to reports, Iranian Foreign Minister Abbas Araghchi shared a seven-day ceasefire plan through Qatari mediators. Under the proposal, the U.S. would first meet its existing commitments. Iran would then reopen the Strait of Hormuz on Day 6, with nuclear talks restarting on Day 7.

Iran also offered to restore normal shipping through the Strait and resume talks on its nuclear program. 

In return, Tehran wants the U.S. to lift its naval blockade, ease sanctions on Iranian oil exports and support a regional ceasefire that includes Lebanon.

Trump Rejects Iran Ceasefire, Will Bomb

U.S. President Donald Trump has rejected the proposal, with reports pointing to three main reasons.

First, Washington believes continued economic pressure could force Tehran to accept a broader deal. The naval blockade is also limiting Iran’s access to ports and oil revenues.