Iran denies talks, Bitcoin stalls near $70K as traders watch oil

Trump’s Iran comments jolted crypto. Tehran denied talks. Bitcoin popped, then faded near $70,000.

Trump called recent Iran contacts “productive.” CNN reported he even floated shared control of the Strait of Hormuz and cooperation with Iran’s post-Khamenei leadership.

Markets reacted fast. Bitcoin jumped about 3.5% to $71,250. Ethereum rose ~2.5% to $2,125. Oil slid from above $100 to $89.40.

Iran pushed back. Spokesperson Esmail Baqaei said no “productive” talks happened and no messages via Turkey, Oman, or Egypt were answered. NBC News.

Tehran’s terms stayed firm. NBC News:
- Close US bases
- Disarm American forces
- Hand Hormuz control to Iran
- Pay war damages
- Guarantee no future strikes

Traders sat on their hands. Bitcoin hovered near $70,000 as the US–Iran narratives diverged.

Oil is the swing factor. A fresh flare-up near Hormuz could lift energy costs, stoke inflation, and weigh on risk assets. Reuters.

Macro is next. Markets watch US inflation and jobless claims. Fed talk on energy-driven inflation could steer rates.

Whales hint at a floor. On-chain data shows the Exchange Whale Ratio near 0.7, a level seen around past bottoms.