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[U.S. President Trump Rejects Iran's Proposal, Bitcoin's Upward Momentum Slows] U.S. President Trump has rejected Iran's proposal to reopen the Strait of Hormuz, with macroeconomic uncertainty putting pressure on risk assets and Bitcoin's upward momentum stalling. The market is digesting the U.S. Federal Reserve's rate hike measures and preparing for a rate hike in October. Bitcoin has risen 28% since August 19, potentially marking its best quarterly performance since the fourth quarter of 2024. (Source: Lianhe Zaobao)