Bitcoin rebounds to $82,000 as Trump rules out Iran strikes, oil drops
Bitcoin rebounded to $82,000 as Trump ruled out an Iran strike before the midterms, while crypto security experts pushed back on “bunker mode” fears.
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Summary
- Bitcoin rebounded to $82,000 after President Donald Trump said the United States would not attack Iran before the Nov. 3 midterm elections, easing geopolitical fears that had driven oil prices higher and cryptocurrencies lower.
- Concerns that advances in artificial intelligence could weaken the cryptography securing bitcoin and eter also contributed to Thursday’s sell-off, though prominent experts disputed the immediacy and nature of the threat.
- Analysts identified $81,000 as key support and $82,000 as resistance for Bitcoin, with a drop below roughly $80,300 potentially increasing downside risk.
