Bitcoin rebounds to $82,000 as Trump rules out Iran strikes, oil drops
Bitcoin prices rebounded to $82,000 after Donald Trump stated the U.S. would not strike Iran before the November 3rd elections. The market had previously dipped due to fears of military escalation and debates regarding the security of crypto wallets against future AI threats.
Why it matters
Illustrates the sensitivity of cryptocurrency markets to geopolitical tensions and speculative technological risks.
Trump said the U.S. would not attack Iran before the Nov. 3 midterm elections.
“We will not be attacking Iran at any time prior to the Midterm Elections to be held in the United States on November 3rd,” Trump said in a Truth Social post , published at 12:17 p.m. ET.
He described discussions with Iran as “productive,” but said the U.S. blockade would remain “in full force and effect.”
Bitcoin selling appeared to run out of steam near $80,300 following the post, and prices have since steadily recovered to $82,000. Other major tokens followed a similar trajectory, with ether, XRP, solana and several other cryptocurrencies trimming Thursday’s losses.
The selling began roughly 24 hours earlier amid fears of renewed military escalation between the U.S. and Iran, which pushed oil prices higher.
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