Trump pauses Iran strikes as Oman-led Hormuz talks resume
Macro & Markets ·
The US military was told to hold off on planned strikes against Iran, with Bitcoin holders now watching for a delayed market reaction.
President Trump directed the US military not to proceed with strikes on Iran that had been planned for Friday night, according to CryptoPotato. The decision followed the resumption of negotiations mediated by Oman concerning the Strait of Hormuz, talks that had reportedly shown meaningful progress in the prior day. The order came despite Trump having earlier approved the strikes, suggesting he is weighing how the diplomatic track unfolds before committing to further military action.
Bitcoin has historically responded to war-related headlines in a directional way, rallying on signs of de-escalation or peace prospects and pulling back when hostilities resume. In this case, though, the price move has been muted so far, with the asset holding its $64,000 support level, a threshold analysts consider important for determining the next major swing in either direction.
Part of the reason for the subdued initial response lies in timing. Past weekend developments in the conflict have tended not to move the market much in real time; instead, the more pronounced volatility has consistently appeared once traditional financial markets open on Monday. That pattern is expected to repeat, with the bulk of any price reaction to the stand-down order likely to surface within roughly 36 hours.
The stand-down itself is corroborated by separate reporting confirming that Trump halted planned US strikes following the Oman-mediated negotiations over the Strait of Hormuz, with four distinct sources tracking the cluster of developments. That level of coverage points to the news carrying weight beyond a single outlet, even as the market's immediate response remains limited.
What remains unresolved is how the Hormuz talks will conclude and whether the pause in military action becomes durable or is reversed if negotiations stall. Also unknown is whether Bitcoin's defense of the $64,000 level holds once broader trading activity resumes at the start of the week, a moment traders are treating as the real test of how the market is pricing the de-escalation.