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Bitcoin price faced rejection near $82,000 as its recent rally lost momentum after United States President Donald Trump paused the \u201cProject Freedom\u201d operation amid progress in U.S.-Iran peace negotiations.<\/p>\n
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According to data from crypto.news, Bitcoin (BTC) rose from around $80,500 to nearly $81,700 on Wednesday morning before settling near $81,300 at press time.<\/p>\n
The bellwether asset faced resistance at the $82,000 level following Trump\u2019s announcement that the U.S. military would temporarily pause \u201cProject Freedom,\u201d an operation linked to securing shipping routes around the Strait of Hormuz.<\/p>\n
The decision came as Washington assessed the possibility of finalizing a peace agreement with Iran after what Trump described as productive discussions with representatives from Tehran.<\/p>\n
\u201c\u2026the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran, we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom will be paused for a short period of time to see whether or not the Agreement can be finalized and signed,\u201d Trump wrote in a May 6 Truth Social post<\/a>.<\/p>\n <\/p>\n The shift in tone also comes as tensions in the Middle East remain elevated, particularly after the UAE reported a second consecutive day of missile and drone attacks that it attributed to Iran-backed actors. Tehran has denied direct involvement.<\/p>\n Following the announcement, West Texas Intermediate crude oil prices slipped back below $100 per barrel, falling 3.7% over the past day, while Brent crude declined toward $106.<\/p>\n Bitcoin\u2019s price action has also remained relatively subdued during the session as investors continued rotating toward traditional safe-haven assets amid broader macro uncertainty.<\/p>\n Gold climbed 2.6% on the day, while silver gained more than 4%. Meanwhile, Asian equity markets, including Japan\u2019s Nikkei 225 and Hong Kong\u2019s Hang Seng Index, edged higher as easing geopolitical tensions provided some relief to investors.<\/p>\n On the macroeconomic front, the March 2026 JOLTS report came in stronger than expected, adding another layer of complexity for the Federal Reserve.<\/p>\n Although job openings declined slightly to 6.866 million, the figure still topped market forecasts, pointing to a resilient labor market that could support higher interest rates for longer.<\/p>\n <\/p>\n