Bitcoin rebounds to $82,000 as Trump rules out Iran strikes. What next?
Bitcoin rebounded as traders eased geopolitical risk, even as holders locked in $1.03 billion in profits and U.S. spot Bitcoin ETFs saw continued withdrawals.
- On Friday, October 9, Bitcoin rebounded above $82,000 after President Donald Trump ruled out U.S. military strikes against Iran before the November 3 midterm elections, easing geopolitical fears that had pushed the cryptocurrency toward $80,300.
- Reports that the Pentagon instructed U.S. Central Command to prepare for combat operations in Iran had previously unsettled markets; WTI crude futures climbed toward $93.20 before retreating to approximately $90.40 following Trump's announcement.
- Institutional demand remained weak, with approximately $244 million leaving U.S. spot Bitcoin ETFs on October 8, following a larger $484.9 million outflow on October 7. BlackRock's IBIT accounted for $207.7 million of the earlier decline.
- Blockchain analytics firm Santiment reported that Bitcoin holders realized approximately $1.03 billion in profits on October 8, the second-highest daily amount recorded in 2026, following the cryptocurrency's recent advance above $87,000.
- Crypto analyst Rekt Capital identified $82,500 as a crucial price level, warning that Bitcoin's fall below its 82,500–86,700 trading range could expose the market to further selling pressure without a weekly close above support.
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The bitcoin operates slightly high this Friday (9), close to the US$ 82.5 thousand, after the volatility of the last few days. Oil falls after the gains of the eve, with the reduction of risks in the Middle East after the president of the United States, Donald Trump, affirming that the country will not attack Iran before the mid-term elections in November. At around 10.50 a.m., the bitcoin rose 0.6% in 24 hours, to US$ 82.477.27, according to Co…
The crypto market is still calm. However, the Iran war and upcoming economic data could soon change this. Source: BTC-ECHO BTC-ECHO
Bitcoin steadies near $82,500 as Trump rules out Iran strike before midterms - CryptoGazette
Bitcoin recovered to around $82,500 after Trump ruled out an Iran strike before the midterms, but remains 4% lower on the week. Starknet's STRK jumped 33% on The post Bitcoin steadies near $82,500 as Trump rules out Iran strike before midterms appeared first on CryptoGazette.
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