United States President Donald Trump has reportedly ordered the U.S. military to stand down rather than proceed with planned strikes on Iran on Friday night, following several weeks of escalations, threats, and military action.

The reported pause has returned attention in crypto markets to bitcoin, which has often reacted to major developments on the war front. In previous similar episodes, bitcoin has tended to respond positively to signs of de-escalation, although any clearer market impact may not be visible for at least 24 hours.

Axios reported that the decision to pull back from new military action came after talks over the Strait of Hormuz recently resumed. Major media outlets reported on Friday that Oman had opened discussions with Iran about reopening the key waterway, while some sources said significant progress had been made over the past day.

The Strait of Hormuz is widely watched because it is one of the world’s most important oil transit chokepoints. Any disruption there can quickly become a broader macro and risk-sentiment issue, making developments around the talks relevant not only for energy markets but also for assets that trade continuously, including bitcoin.

The reported timing suggests Trump is waiting to see how those negotiations develop before deciding whether the United States will continue with further attacks.

BREAKING: President Trump ordered the US Military to not carry out planned strikes on Iran Friday night, despite previously approving the strikes, per Axios. This came just hours after talks mediated by Oman over reopening the Strait of Hormuz reportedly resumed. — The Kobeissi Letter (@KobeissiLetter) July 25, 2026

https://x.com/KobeissiLetter/status/2081070935587639452?ref_src=twsrc%5Etfw

Bitcoin has frequently moved in response to war-related headlines. Renewed attacks have typically been followed by price pullbacks, while renewed hopes for a deal, ceasefire, or more lasting peace have previously coincided with strong rallies.

The timing of any reaction remains uncertain. Apart from the initial shock when the war began in late February, bitcoin has generally stayed relatively stable when major developments occurred over weekends. Larger moves in either direction have instead tended to appear on Monday morning, when most traditional financial markets begin reopening.

For now, bitcoin has held the $64,000 support level, which many analysts view as important for its next major move. Based on prior weekend patterns, however, a larger reaction to the reported decision and the resumed Hormuz talks may not come until roughly 36 hours later.