Bitcoin steadies near $82,500 after Trump rules out Iran strike before midterms
- Bitcoin recovered to around $82,500 after President Donald Trump said the U.S. would not attack Iran before the Nov. 3 midterm elections, but remains about 4% lower than a week ago.
- Smaller tokens led the bounce, with the CoinDesk 80 up 2.2% since midnight UTC, though the CoinDesk 100 remains 2.2% lower over 24 hours.
- Starknet’s STRK jumped 33% after the network said it is considering becoming a standalone layer-1 blockchain to achieve full quantum resistance by 2027.
Bitcoin BTC$82,504.78 heads into the weekend about 4% lower than at the same time last Friday, even after recovering to around $82,500 from a low near $80,300 on Thursday. Ether ETH$2,491.82 slid 9% over the week to around $2,500.
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.