Crypto Market Slips After Trump Rejects Iran Response

Crypto markets fell Monday after President Donald Trump posted that Iran’s negotiating response was “TOTALLY UNACCEPTABLE.” The total crypto market value dropped 1.6% to $2.66 trillion. Bitcoin eased 1.74% to about $80,770 and Toncoin declined roughly 7% to near $2.30.

The decline reversed a weekend rally that reached $2.72 trillion, a horizontal resistance level. The pullback reduced market value by about $56.8 billion from that peak. Total trading volume for the crypto market was $166.36 billion. Technical support levels sit near $2.56 trillion, $2.47 trillion and $2.39 trillion, while a daily close back above $2.72 trillion would put $3.03 trillion into view.

Bitcoin pushed toward $82,800 over the weekend but failed to break that level. Trading volume for Bitcoin trended lower from early February through May 10 even as price rose, a divergence followed by Monday’s decline. Immediate Bitcoin support levels are $77,408, $74,073 and $71,377. A sustained break above $82,800 would target $90,444.

Toncoin led large-cap losses after a recent strong run. The token rose about 131% from $1.26 to a $2.91 peak before the pullback. Toncoin reached the 0.382 Fibonacci retracement of that pole near $2.28 during the drop. Sell-side volume has fallen since the April 28 spike. To regain upward momentum, Toncoin would need to reclaim $2.52 and then clear $2.91. If the 0.5 Fibonacci level at $2.08 fails, $1.89 and $1.26 become lower targets.

Market sentiment was influenced by macroeconomic and policy developments. Pacific Investment Management Company warned the Federal Reserve might need to raise rates if Iran-related inflation pressures increase. Goldman Sachs adjusted its outlook, moving expected Fed rate cuts to December 2026.

Other developments noted during the session included an ARK Invest projection that AI agents could handle as much as $8 trillion of online commerce by 2030 and that cloud and crypto firms such as Amazon Web Services, Coinbase and Solana are building payment infrastructure. President Trump also renewed a push for an audit of Fort Knox to verify 147 million ounces of gold, a point some Bitcoin supporters reference in discussions about reserve transparency.

Geopolitical headlines and central bank policy signals coincided with the price moves and reversed the short-term gains that supported the weekend rally.