Bitcoin (BTC) edged lower late morning on the U.S. East Coast after President Donald Trump's comments signaled a halt to planned diplomatic travel tied to Iran talks. The largest cryptocurrency dropped about $100 to around $77,351 just before noon ET, reversing a modest earlier gain.
The move came minutes after a Fox reporter posted Trump’s remarks on X. Trump said he canceled a trip by envoys Steve Witkoff and Jared Kushner, who had been expected to travel to Pakistan for a new round of talks involving Iran. “I've told my people a little while ago they were getting ready to leave, and I said, ‘Nope, you're not making an 18 hour flight to go there. We have all the cards. They can call us anytime they want, but you're not going to be making any more 18 hour flights to sit around talking about nothing’,” Trump stated.
The development came only hours after Iran’s Foreign Minister Abbas Araghchi left Pakistan, a detail that had already fueled disappointment over near-term discussions. However, the decline in Bitcoin was limited, suggesting markets viewed the news as a short-term risk signal rather than a shift in the broader outlook. Market participants will likely watch for follow-up statements from U.S. officials and any response from Iran. Trump is also expected to speak at a crypto conference in Palm Beach around noon Eastern time.
