Trump Rejects Iran Peace Proposal as Bitcoin Breaks $82,000

May 13, 2026

President Trump rejected Iran's peace proposal on May 12, calling it totally unacceptable, extending the US-Iran conflict that began February 28. Bitcoin climbed above $82,000, up nearly 30% since the conflict started. Bitcoin spot ETFs posted $623 million in inflows during the week ending May 8, 2026. Iran's proposal included sovereignty recognition over the Strait of Hormuz and war damage compensation.

Trump-Iran peace negotiations

▪Iranian Foreign Ministry spokesperson Esmail Baghaei said that everything in Iran's peace proposal was "reasonable" and "generous" for Iran's national interests as well as for the region's and the world's stability

Bitcoin price movement

▪Bitcoin was trading below $81,000 on May 12, 2026
▪Bitcoin tagged highs at $82,380 on May 11, 2026

Cryptocurrency ETF flows

▪US-listed Bitcoin spot ETFs saw outflows of $278 million on May 7, 2026
▪XRP spot ETFs have cumulative inflows standing at $1.32 billion as of May 12, 2026
▪XRP spot ETFs saw inflows growing to $34.21 million during the week ending May 8, 2026
▪Bitcoin spot Exchange-Traded Funds posted strong inflows totaling $623 million during the week ending May 8, 2026
▪Ethereum spot ETFs had inflows totaling $71 million through May 8, 2026
▪Ethereum spot ETFs saw outflows amounting to $104 million on May 7, 2026
▪Ethereum spot ETFs have net assets under management standing at $13.73 billion as of May 12, 2026
▪Ethereum spot ETFs have cumulative inflows averaging $12.09 billion as of May 12, 2026

Bitcoin technical analysis

▪Bitcoin's 50-day Exponential Moving Average was near $76,018 on May 12, 2026
▪Bitcoin's SuperTrend support was around $75,648 on May 12, 2026
▪Bitcoin's 200-day Exponential Moving Average was at roughly $81,982 on May 12, 2026