Bitcoin slipped roughly $100 to $77,351 late Friday morning after President Trump abruptly canceled a diplomatic trip by envoys Steve Witkoff and Jared Kushner, who had been set to fly to Pakistan for a new round of Iran-related discussions. The move came minutes after Trump's remarks hit X: "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 pullback was contained, suggesting traders read the development as a short-term geopolitical risk signal rather than a structural shift. Iran's foreign minister had already left Pakistan before the cancellation was announced, which had already dampened expectations for near-term progress.
Market attention now turns to Trump's scheduled speech at a crypto conference in Palm Beach, while large Hyperliquid perpetual traders — those running…
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