Bitcoin prices are once again under pressure after reports that Trump has rejected the Iran peace deal.

Bitcoin passed.87,000 The dollar was pressured by the seven-day ceasefire and Trump's attitude.

What is this event?
The price of Bitcoin ( Bitcoin or BTC) has just surged above the87,000 US dollar in recent days, after prices started moving upward since August and rising by about 20,000 dollars counted from mid-August but that strong looking trend was put under new pressure as tensions in the Middle East returned to a fever pitch again.CryptoPotato A report by The Wall Street Journal citing President Donald Trump rejected Iran's latest peace deal offer and warned he would return to bomb Iran following the November midterm elections.

Why is this news important to the price of bitcoin?
Since the US-Iran conflict erupted in late February, politics and news of war in this region often have an immediate impact on bitcoin prices as investors view geopolitical events to shift global market risk. The most recent example was last weekend when the United States launched a new round of attacks against Iran and Iran retaliated with regional targets. Bitcoin price had been rising for some time,82,000 then stopped at that level before falling back around two thousand dollars, although the market did not see any movement in subsequent weeks.87,000 Dollar again traded weekly but later dropped further down.84,000 Recent dollar reports say momentum movements and news rocketry has also halted trading.

What is Iran's proposal and how does it relate to the Strait of Hormuz?
Iran put forward a diplomatic initiative at the United Nations General Assembly in New York, stating that it had sent messages to the US via Qatari emissaries and aimed for a seven-day ceasefire agreement to open the Strait of Hormuz and end attacks in the region within that time. Iran also said it was back in talks with Saudi officials about this strategic waterway, which has been affected by its oil flows and damaged the global economy for 7 months.

How does Trump's reversal increase the risk?
The Wall Street Journal quotes an official who was briefed on the matter as saying that Trump rejected Iran's offer of a seven-day ceasefire and told his closest ally he would start bombing again after mid-November, which is different from two weeks earlier when he said the war would end immediately following the election because "they can't hold out any longer" or "Iran can no longer take it".

How should readers in Thailand and the region view this news?
For Thai users, bitcoin prices on digital asset trading platforms represented in baht such as Bitkub will move according to the world market price declared in US dollars and also be influenced by the exchange rate of the pound against the dollar. This news does not directly indicate a price direction but warns that geopolitical events between the United States, Iran and oil pipelines can change investor confidence worldwide within a short time so readers should dissociate news information from buy or sell signals and follow announcements from the SEC (Thailand) offices including terms of service used to understand volatility risks and fees which may vary with market movements.87,000

For users in Myanmar who may be using crypto to hold value across borders, fast-moving prices and transaction fees could be a constraint to consider, so this incident is reflective of the fact that digital asset markets are not isolated from warfare, politics and energy transportation but linked to investor confidence both within and outside the region.