Bitcoin dipped modestly Friday after reports that President Donald Trump called off a diplomatic trip tied to Iran talks — a move that briefly rattled markets but stopped short of triggering a bigger sell-off.
BTC was trading around $77,550 earlier in the U.S. morning before slipping roughly $100 to about $77,350 just before noon ET, erasing a modest earlier gain. The move followed a post on X by a Fox reporter quoting Trump saying he had canceled a planned trip by envoys Steve Witkoff and Jared Kushner. “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’,” the post quoted Trump as saying.
Witkoff and Kushner had been expected to travel to Pakistan for a new round of Iran-related discussions. The development came hours after Iran’s deputy foreign minister Abbas Araghchi left Pakistan — a detail that had already tempered hopes for immediate progress in negotiations.
The market reaction was limited, suggesting traders treated the announcement as a short-term geopolitical risk signal rather than a catalyst for a major trend change in crypto. Participants will likely be watching for official follow-ups from the U.S. administration and any response from Iranian officials that might shift sentiment.
Separately, Trump is slated to speak at a crypto conference in Palm Beach around noon ET, an event that could add further headline risk or support to market moves depending on his remarks.
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