Bitcoin steadies near $82,500 after Trump rules out Iran strike before midterms
Source: CoinDesk ·
From the source
Bitcoin recovered to around $82,500 after Trump ruled out an Iran strike, but remains about 4% lower on the week, while ether has lost 9%. Bitcoin BTC $82,464.81 heads into the weekend about 4% lower than at the same time last Friday, even after recovering to around $82,500 from a low near $80,300 on Thursday. Ether ETH $2,491.21 slid 9% over the week to around $2,500. The BTC rebound followed a Truth Social post from President Donald Trump on Thursday saying the U.S. would not attack Iran before the Nov. 3 midterm elections. Brent crude has slipped about 1% today to around $103 a barrel. Smaller tokens led the recovery, with the CoinDesk 80 up 2.2% since midnight UTC, more than twice the gain in the CoinDesk 5. The bounce has yet to undo Thursday’s damage, 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 take in money .…