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Bitcoin has reclaimed $81,000 after U.S. President Donald Trump ruled out attacks on Iran before the Nov. 3 midterm elections, while oil prices have retreated following his statement.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n President Donald Trump said<\/a> in an Oct. 8 Truth Social post that Washington was holding productive discussions with Tehran and would not attack Iran before Americans vote on Nov. 3. Alongside the pledge, he said the blockade would remain in force and repeated his position that Iran must not obtain a nuclear weapon.<\/p>\n According to TradingView data cited in the supplied report, Bitcoin moved back above $81,000 after Trump\u2019s announcement. PrimeXBT\u2019s Oct. 8 market report also recorded the recovery and said oil prices pulled back following the president\u2019s remarks.<\/p>\n In the same report, PrimeXBT described a volatile session in which Bitcoin had fallen below $81,000 for the first time since Sep. 21. More than $480 million in crypto positions were liquidated within one hour, with long positions accounting for most of the losses, according to the trading platform.<\/p>\n Earlier reporting shows that pressure from the conflict had already interrupted Bitcoin\u2019s September recovery. On Sep. 28, crypto.news reported Bitcoin\u2019s pullback<\/a> below $84,000 after its previous week\u2019s advance above $87,000, while renewed uncertainty over Iran weighed on markets.<\/p>\n According to that report, Trump had rejected an Iranian proposal involving a seven-day reopening of the Strait of Hormuz and a pause in fighting before talks on unresolved issues. During comments that Sunday, he said the conflict could end soon but declined to rule out military action before the midterms.<\/p>\n <\/p>\n In Thursday\u2019s post, Trump described the diplomatic contacts as \u201cproductive discussions,\u201d according to Ynetnews, which reproduced his statement. He also said Iran remained under economic and military pressure while the U.S. blockade continued.<\/p>\n Trump claimed that 22 million barrels of oil had passed through the Strait of Hormuz the previous night, with none entering or leaving Iran. His post presented the volume as a record and said the blockade would remain fully effective.<\/p>\n The president\u2019s pledge followed reports that military officials were preparing options for renewed attacks. Ynetnews reported<\/a>, citing Axios, that U.S. Central Command had been instructed several days earlier to complete preparations for a possible return to major combat operations, although Trump had made no final decision and no date had been set.<\/p>\n In separate coverage, Ynetnews said<\/a> NBC News had reported discussions between Trump and his national security team about large-scale operations within weeks. The publication also cited The Atlantic\u2019s reporting that the Pentagon had been asked to prepare possible strike options before the election.<\/p>\n According to The Atlantic\u2019s account, as relayed by Ynetnews, officials were still considering the operation\u2019s scope, and a more substantial military campaign could follow after the vote. The reports described preparations and internal discussions rather than an approved attack.<\/p>\n The conflict\u2019s effect on oil and American financial markets was documented in a Sep. 1 market report<\/a>. Following fresh U.S. strikes on Iranian targets, Bitcoin fell through $78,000 and $77,000 to trade around $76,762, down from an intraday high near $79,166.<\/p>\n According to CoinGlass figures cited in that report, roughly $115 million in leveraged crypto long positions were liquidated within one hour. Ethereum also fell below $2,400 during the selling.<\/p>\n Reuters figures included in the coverage showed Brent crude settling 4.6% higher at $94.65 a barrel, while U.S. West Texas Intermediate gained 5.2% to $90.22. The report also recorded rising Treasury yields and an S&P 500 decline to its lowest level since Aug. 4.<\/p>\n American investors\u2019 exposure also runs through U.S.-listed Bitcoin funds. In its Sep. 28 coverage, the publication cited Farside Investors data showing $2.39 billion in net inflows into spot Bitcoin ETFs during Sep. 21\u201325. Every session recorded positive flows, with BlackRock\u2019s IBIT accounting for about $1.16 billion.<\/p>\n An Aug. 31 market report<\/a> documented another period when Bitcoin held near $77,900 despite renewed fighting and rising crude prices. According to that coverage, BTC gained approximately 23% during August, compared with reported monthly advances of 9% for gold and 4% for the Nasdaq.<\/p>\n The same report said U.S. spot Bitcoin ETFs had accumulated about $2.8 billion across eight consecutive inflow sessions. Farside data cited in the coverage then showed an estimated $201.9 million in net outflows on Aug. 28.<\/p>\n Following Trump\u2019s statement, Polymarket traders assigned a 60% probability that the U.S.-Iran ceasefire would remain in place through Nov. 15, according to the supplied report. PrimeXBT\u2019s Oct. 8 coverage also recorded a 60% reading for the ceasefire lasting until mid-November.<\/p>\n On the diplomatic track, Iranian Foreign Minister Abbas Araghchi said Tehran had submitted its seven-day plan and received Washington\u2019s views in response, according to remarks reported<\/a> by Antiwar.com, citing WANA.<\/p>\n The foreign minister said Iran was reviewing the American response and expected to answer within the next few days. In the same remarks, he warned that Tehran was more prepared than before if Washington pursued military action and would take measures to defend itself.<\/p>\n <\/p><\/div>\n\n\n
Bitcoin recovers $81K after Trump\u2019s statement<\/h2>\n
Trump keeps the blockade while ruling out attacks<\/h2>\n
Previous fighting hit Bitcoin and U.S. markets<\/h2>\n
Iran prepares its response to Washington\u2019s proposal<\/h2>\n