Bitcoin Price Prediction as Trump Rejects Iran’s 7-day Ceasefire Proposal

Bitcoin (BTC) price is up today despite US President Donald Trump saying that he will reject a seven-day ceasefire proposal by Iran and will instead resume strikes after the November mid-term elections.

Data from CoinGlass also shows that liquidations across the crypto market reached $255 million on September 26, with Bitcoin recording the highest liquidations of $63 million.

Bitcoin Holds Steady as US-Iran Tensions Escalate

A recent report by CoinGape noted that Iran’s Foreign Minister, Abbas Araghchi, offered the US a 7-day ceasefire plan to end the war and to reopen the Strait of Hormuz.

However, the Wall Street Journal reports that President Trump has rejected that proposal, a move that pushed Bitcoin price to $83,000.

The report noted that President Trump doubts that Iran will meet his demands for a ceasefire, adding that he said he will resume bombing the country after the upcoming elections. The US has also informed Iran that Trump will not lift the naval blockade.

Bitcoin price recorded a slight drop from $84,100 to $83,900 after the report, before rebounding to $84,000 at the time of writing.

BTC ETFs Record Highest Weekly Inflows Since October 2025

Data from SoSoValue shows that there were $2.39 billion in inflows to BTC ETFs in the week between September 21 and September 25.