Bitcoin Slips Below $84,000 as Trump Rejects Iran's Seven-Day Ceasefire Proposal

Bitcoin traded under pressure below $84,000 after Donald Trump rejected a seven-day ceasefire proposal from Iran, signaling plans to resume military bombing campaigns following the November 3 midterm elections. The diplomatic impasse pushed the total cryptocurrency market capitalization below $3 trillion, causing BTC to retreat 3.81% from a recent high of $87,395. The selloff triggered $255 million in total crypto liquidations, including $63 million in Bitcoin. However, downside was cushioned by $2.39 billion in weekly net inflows into spot Bitcoin ETFs between September 21 and September 25 and declining Binance exchange reserves.