Bitcoin Price Faces Pressure as President Trump Rejects Iran Peace Proposal

Bitcoin's recent rally, which saw the price exceed $87,000, faces renewed pressure following reports that US President Donald Trump has rejected Iran's latest peace proposal. According to The Wall Street Journal, the administration intends to resume military actions after the November midterms, contradicting earlier expectations of a swift end to the conflict. As of press time, Bitcoin has pulled back to $84,000.