Iran says US proposal narrows ceasefire gaps. Bitcoin rallied to $83K on peace optimism while $500M in Iranian-linked crypto assets were frozen by US authorities.

The US rejected Iran's latest peace proposal as Trump called the ceasefire 'on life support.' Here's what the Strait of Hormuz standoff means for markets and crypto.

The terms appear little changed from Iran's previous offer, which US President Donald Trump rejected as "garbage".