Why Is Crypto Down Today? Iran Shuts the Door on US Talks Until 2029
The crypto market is red again, and this time the trigger arrived in the middle of what was shaping up to be a decent session. Bitcoin traded above $65,000 this morning on reports that Iran might cut a deal with Oman to reopen the Strait of Hormuz. Hours later that optimism was gone. BTC now changes hands near $63,890, down 1.98% on the day, after Tehran signalled it has no intention of negotiating with the Trump administration at all before 2029.
Oil did the rest. WTI crude jumped roughly 5% back to $80 a barrel, and every risk asset on the board felt it.
Iran War News: What exactly did Iran say?
The comments came from Majid Shakeri, an adviser to Iranian Parliament Speaker Mohammad Bagher Ghalibaf. His position, circulated widely through Iranian outlets and then amplified across financial media, is that Tehran should stop pursuing any agreement with Washington and simply outlast the current US administration until its term ends in January 2029.
The framing he used matters for markets. He described the winning strategy as neither war nor a deal, but the deliberate management of a state in between the two, built on denial, ambiguity and patience. He also argued that publicly confirming negotiations with the United States would be a mistake.
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