Bitcoin rebounds above $81,000 after Trump rules out Iran strikes

Bitcoin climbed back above $81,000 on October 8, 2026, after President Donald Trump said the US would not strike Iran before the November 3 midterm elections. The recovery came with an asterisk. Even after the bounce, Bitcoin was still down 1.9% over 24 hours in late trading, according to The Defiant. What Trump said, and what moved Trump told followers that diplomatic talks between Washington and Tehran were making progress. He added that there would be no strikes on Iran ahead of the midterms. Crude prices pulled back around the statement. Lower odds of a military flare-up in the Middle East usually mean less fear of supply disruption, and oil traders priced that in quickly. Bitcoin went the other way. The largest crypto asset reclaimed the $81,000 level, marking its first move above that mark since September 21, 2026. PrimeXBT’s market analysis pointed to the split between the two assets. Bitcoin bounced quickly while crude retreated, which the platform read as investors responding optimistically to the signal of a no-strike window. Not everything in the statement was conciliatory. Trump said the US naval blockade would stay in place, and he repeated that Iran must not obtain a ...