Bitcoin surged 2.3% after Donald Trump labeled Iran's peace proposal 'totally unacceptable.' Separately, 10x Research CEO Markus Thielen said two favorable US Senate decisions this week could support Bitcoin's strength above $80,000.
Trump's Immediate Impact
The price jump followed Trump's public statement Sunday. He didn't mince words calling the proposal 'totally unacceptable.' Traders moved fast. The cryptocurrency reclaimed lost ground within minutes. It's not clear if Trump addressed markets directly. His comment simply landed as tensions flared.
Thielen's $80,000 Assessment
10x Research CEO Markus Thielen tied Bitcoin's ability to hold above $80,000 to congressional action. He cited two specific Senate decisions due this week. His firm's note didn't name bills or outcomes. It stressed the timing matters right now. Thielen has previously linked regulatory shifts to price moves. This call feels different though. It's unusually precise.
What the Senate Agenda Holds
The Senate is handling business as usual this week. Two items could affect crypto markets. We don't know which measures Thielen referenced. The chamber's public schedule shows votes through Friday. If the decisions meet his expectations, Bitcoin might sustain its upward move. Traders are marking calendars for the next 48 hours.
