Trump cancels US-Iran talks, claiming to have received a "better proposal": No resumption of attacks, BTC fluctuates narrowly around $77,000

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Trump announced the cancellation of the special envoy mission to Pakistan for talks with Iran, immediately claiming that he received a "better" new proposal less than 10 minutes later. BTC is fluctuating in a narrow range between $77,000 and $78,000. (Previous coverage: New York Times: Trump proposed Vice President Vance meet with the Iranian Foreign Minister this week and leave the G7 early to oversee the White House) (Background: Trump pauses war on Iran: Haven't played golf in too long, I need to win the championship first) The talks between the two countries were originally imminent. The White House had planned to send special envoy Steve Witkoff, accompanied by Trump's son-in-law Jared Kushner, to Islamabad, Pakistan, to hold direct consultations on nuclear issues with Iranian Foreign Minister Abbas Araghchi. However, on the eve of the departure, Trump announced the cancellation on Truth Social, citing the "chaotic" internal situation in Iran. He stated that the U.S. holds all the leverage and there is no need to rush into a meeting. I have just cancelled the trip of my representatives to Islamabad, Pakistan, to meet with Iran. Too much time wasted on travel, and the workload is too heavy! Furthermore, their "leadership" is in constant internal strife and in total chaos. No one knows who is in charge, including themselves. And we hold all the cards, while they have nothing! If they want to talk, all they have to do is make a phone call! Follow-up media reports asked what changed after the trip was cancelled. Trump revealed that the U.S. had received a "better" new proposal. His summary was just one sentence: Iran cannot have nuclear weapons, it's that simple. The Iranian Foreign Minister's alternative narrative On the ground in Islamabad, Araghchi posted on X, characterizing the trip as "very fruitful." According to Iranian television, Araghchi's role in Pakistan was always defined as communicating indirectly through intermediaries, and there was never an arrangement for a direct meeting with the U.S. side. Very fruitful visit to Pakistan, whose good offices and brotherly efforts to bring back peace to our region we very much value. Shared Iran's position concerning workable framework to permanently end the war on Iran. Have yet to see if the U.S. is truly serious about diplomacy. — Seyed Abbas Araghchi (@araghchi) April 25, 2026 However, it is worth noting that foreign media, citing an Iranian diplomat and other informed sources, pointed out that if Araghchi believes a deal is feasible after consulting with mediators, the two sides could still meet in the coming days. Additionally, when asked by the media if the breakdown in negotiations meant a resumption of attacks, Trump said: "That's not what I meant. We haven't considered that step yet." BTC fluctuates at $77k Against the backdrop of no good news from the U.S.-Iran negotiations, BTC has continued to fluctuate in a narrow range between $77,000 and $78,000 over the past two days, with no significant volatility.

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