Bitcoin Consolidates Near $82,500 Following Trump’s Reassurance on No Pre-Midterm Iran Strike

Bitcoin BTC$82,382.25 enters the weekend roughly 4% lower than at the same time last Friday, despite climbing back toward $82,500 from a trough near $80,300 on Thursday. Ether ETH$2,487.09 fell 9% over the week, settling around $2,500.

The recovery in BTC followed a Truth Social post from President Donald Trump on Thursday stating the U.S. would not attack Iran ahead of the Nov. 3 midterm elections. Brent crude has slipped about 1% today to around $103 a barrel.

Smaller tokens drove the rebound, with the CoinDesk 80 up 2.2% since midnight UTC—more than double the gain recorded by the CoinDesk 5.

The bounce has yet to fully erase Thursday’s losses, 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 attract inflows.

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