Bitcoin steadies near $82,500 after Trump rules out Iran strike before midterms
Bitcoin prices stabilized near $82,500 following comments from Donald Trump regarding Iran, while broader crypto markets saw a mixed recovery. The market is also reacting to news of Starknet considering a move to a standalone layer-1 blockchain and various layer-2 network closures.
Why it matters
Crypto market volatility remains highly sensitive to geopolitical statements and shifts in blockchain infrastructure strategies.
The BTC rebound followed a Truth Social post from President Donald Trump on Thursday saying the U.S. would not attack Iran before the Nov. 3 midterm elections. Brent crude has slipped about 1% today to around $103 a barrel.
Smaller tokens led the recovery, with the CoinDesk 80 up 2.2% since midnight UTC, more than twice the gain in the CoinDesk 5.
The bounce has yet to undo Thursday’s damage, however, with the CoinDesk 100 still 2.2% lower over 24 hours and DeFi tokens down nearly 4%. U.S.-listed bitcoin, ether and zcash ETFs posted outflows on Thursday, leaving XRP funds as the only crypto products to take in money .
Also covering this story
12 other newsrooms covered this event. We read each version separately.
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