Crypto slips after Trump rejects Iran reply; Bitcoin dips

The total crypto market cap dropped 1.6% to $2.66 trillion on Monday after President Trump posted that Iran’s negotiating response was “TOTALLY UNACCEPTABLE.” Risk-off trading pushed Bitcoin down 1.74% to $80,770 and erased a weekend rally.

Sunday’s peak of $2.72 trillion acted as horizontal resistance. The rejection removed about $56.82 billion from that high and daily volume measured $166.36 billion.

Bitcoin tried to clear a horizontal level near $82,800 over the weekend but failed to hold gains. Trading volume for Bitcoin trended lower since early February, producing a divergence between price and participation ahead of Monday’s reversal. Immediate support levels are $77,408, $74,073 and $71,377. A sustained close above $82,800 would put $90,444 in view.

Toncoin led large-cap losses, trading around $2.30 and down about 7% after a 131% rally from $1.26 to a $2.91 peak. The current pullback reached the 0.382 Fibonacci retracement at $2.28. Recovery targets listed by technical models include $2.52 and $2.91; a drop below the 0.5 retracement at $2.08 would open targets at $1.89 and $1.26.

Pacific Investment Management Company warned Monday that inflation tied to tensions with Iran could require higher interest rates. Goldman Sachs pushed back its forecast for Federal Reserve rate cuts to December 2026. Both notes appeared in market commentary on Monday.

Sector developments included an ARK Invest projection that AI agents could manage about $8 trillion in online commerce by 2030 and identified Amazon Web Services, Coinbase and Solana as companies building payment infrastructure. Separately, former President Trump revived a Fort Knox audit proposal to verify 147 million ounces of U.S. gold reserves, a comparison some Bitcoin advocates make with cryptocurrency’s auditable ledger.

Technical readings place upside resistance for the total crypto market cap at $2.72 trillion and a higher ceiling near $3.03 trillion. On the downside, the 0.236 Fibonacci level sits at $2.56 trillion, with deeper floors near $2.47 trillion and $2.39 trillion.