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Bitcoin held near the $80,000 mark on Monday after President Donald Trump rejected Iran\u2019s latest response to a U.S. peace plan.\u00a0<\/strong><\/p>\n <\/p>\n The move kept traders focused on the conflict, oil prices, and the Strait of Hormuz. Trump called<\/a> the Iranian counterproposal \u201cTOTALLY UNACCEPTABLE\u201d after Tehran pushed for compensation, sanctions relief, an end to the blockade, and recognition of its control over the strait.<\/p>\n Bitcoin (BTC) first fell from $81,430 to $80,520 within 45 minutes of Trump\u2019s post, then climbed to $82,347 less than three hours later, according to crypto.news data. The rebound wiped out nearly $410 million over 24 hours, based on Coinglass data<\/a>.<\/p>\n <\/p>\n The Strait of Hormuz remains central to the market reaction. Reuters reported<\/a> that the waterway carried one-fifth of global oil and liquefied natural gas flows before the war began on February 28.\u00a0<\/p>\n Oil prices jumped more than $4 a barrel after Trump rejected Iran\u2019s proposal, showing that energy markets are still reacting quickly to each new statement from Washington or Tehran.<\/p>\n The dollar also gained for a second day in Asian trading as strong U.S. jobs data and safe-haven demand supported the currency. Brent crude rose 4.5% to $105.85 a barrel after the rejection. That mix of higher oil, a stronger dollar, and war uncertainty left Bitcoin trading in a tight but volatile range.<\/p>\n Recent crypto.news coverage had already linked Bitcoin\u2019s $80,000 test to Iran headlines. On May 1, crypto.news reported that BTC rose toward $78,700 after Iran sent a revised peace proposal through Pakistani mediators, easing some oil pressure and improving risk sentiment. The report cited 21Shares chief market strategist Adrian Fritz, who said $80,000 was \u201cquite a resistance\u201d and that a move above $85,000 could show early signs of a broader reversal.<\/p>\n Crypto.news also reported on May 4 that Bitcoin climbed to $80,529 after Trump announced \u201cProject Freedom,\u201d an effort linked to cargo ships affected by the Strait of Hormuz closure.\u00a0<\/p>\n In an earlier report, crypto.news said Bitcoin\u2019s sharp moves showed how geopolitical headlines continue to drive short-term crypto price action.<\/p>\n Analysts are now watching whether Bitcoin can turn $80,000 into support. Crypto Tony posted<\/a> that there was a 79% chance Bitcoin could hit $85,000 this month, while CoinsProbe said<\/a> a channel breakout placed the $85,000 target in play.\u00a0<\/p>\n The downside level remains clear. Several traders are watching $78,000 as the first major support if Bitcoin fails to hold the $80,000 area.\u00a0<\/p>\n A confirmed move above $82,450 could support another attempt toward $85,000, but a fresh breakdown in U.S.-Iran talks may keep BTC exposed to fast reversals.<\/p>\n <\/p>\n\n
Hormuz tensions keep risk assets on edge<\/strong><\/h2>\n
Repeated pattern<\/strong><\/h2>\n
Traders watch $85K as next upside test<\/strong><\/h2>\n