Bitcoin and Nasdaq Futures Slip as Trump Leaves Iran Strike Options Open

During the United Nations General Assembly, Iran put forward a proposal to temporarily reopen the Strait of Hormuz — a critical oil chokepoint disrupted by the conflict — for a seven‑day window, urging a pause in hostilities and subsequent negotiations.

Trump, however, dismissed the suggestion, arguing that Iran seeks a deal because it is under significant pressure, and emphasized on Truth Social that Iran “cannot possess a nuclear weapon.”

The persistent geopolitical uncertainty has heightened inflation concerns since the war began in early March, pushing Treasury yields higher. The 10‑year yield has climbed 127 basis points to 5.20%, its highest level since 2007, driven by inflation worries, expectations of Fed rate hikes, and debt‑related anxieties.

Bitcoin slipped at the start of the year but has staged a robust rebound in the third quarter, insulating itself from the geopolitical turmoil. Its price has risen 42% over the past three months, outpacing all major asset classes, including Nasdaq and gold.

Analysts are now monitoring upcoming data releases for signals that will shape the next direction of the cryptocurrency market.

“For investors, the 83,800‑84,000 range represents a key near‑term support level, while the 85,000‑85,800 corridor serves as immediate resistance. It would be wise to avoid chasing the rally at current price levels,” Vikram Subburaj, CEO of India‑based Giottus exchange, wrote in an email.

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