U.S.-Iran War ‘Continues’ as Trump Has Yet to Approve 45‑Day Ceasefire, Iran Rejects Proposal

The White House has stated that ‘Operation Epic Fury’ continues as U.S. President Donald Trump has yet to sign off on the 45-day U.S.-Iran ceasefire, which is just one of ‘many ideas.’ Bitcoin slightly retraced amid this development, with Iran already rejecting a temporary ceasefire and instead calling for a conclusive end to the war.

Trump Yet To Sign off on 45-day U.S.-Iran Ceasefire

In an X post, Axios correspondent Barak David revealed that a White House official said the proposal for a 45-day ceasefire is just “one of many ideas” they are discussing at the moment and that Trump has yet to sign off on it. “Operation Epic Fury continues,” the official said.

As CoinGape earlier reported, the U.S., Iran, and regional mediators are actively discussing terms for a potential 45-day U.S.-Iran ceasefire. However, the ceasefire remains uncertain, especially as Iran has rejected any temporary ceasefire. Iran has raised concerns that any temporary ceasefire would simply allow the U.S. and Israel to refuel and continue the war.

According to Iranian news media PressTV, Iran has already prepared its response to intermediaries and will “communicate it explicitly” whenever necessary. It is worth noting that Iran is also refusing to reopen the Strait of Hormuz, which remains one of Trump’s major demands regarding a potential U.S.-Iran ceasefire.

Axios, which first reported on a potential ceasefire, noted that the chances of a deal over the next 48 hours were slim, signaling that the U.S.-Iran war was unlikely to end today. However, mediators hope that these talks could help avoid further escalations, with Trump threatening to strike Iran’s energy infrastructure this Tuesday.

Meanwhile, Trump will speak at a press conference today at 1 pm E.T. and is likely to provide an update on the proposed U.S.-Iran ceasefire deal. The president had yesterday reiterated that Iran should open the Hormuz Strait or make a deal, or the U.S. would ‘rain hell’ on them.

Bitcoin Slightly Retraces As War Continues

The Bitcoin price slightly retraced from the psychological $70,000 level amid uncertainty over a U.S.-Iran ceasefire. The leading crypto had rallied above this level earlier in the day following reports of the ceasefire talks.

The war also continues to escalate in the face of a potential deal as Israel struck Iran’s South Pars petrochemical facility today and killed another senior official in the Iranian Revolutionary Guards Corps (IRGC). Market commentator, The Kobeissi Letter, stated in an X post that markets are becoming numb to the headlines, especially as oil prices are showing less volatility amid these reports.

They further opined that the downside in the markets is limited as headline fatigue is growing and dip buyers are eager to acquire “quality names at a discount.” Crypto prices have remained largely muted, with Bitcoin trading within a tight range over the last week. BTC also held the $66,000 support last week even as Trump increased his threats to strike Iran’s energy infrastructure.

Crypto traders continue to bet against a U.S.-Iran ceasefire, with the odds of one happening this month currently at 28%, according to Polymarket data. The majority of these traders do not expect a ceasefire until June at the earliest.