Bitcoin and Nasdaq Futures Dip as Trump Leaves Door Open for More Iran Strikes
Markets react to geopolitical tension
Bitcoin and Nasdaq futures started the week lower after President Donald Trump stated he would not rule out additional military strikes on Iran before the November midterm elections. While Trump suggested the conflict could end soon, his refusal to dismiss further attacks added uncertainty to global markets.
Cryptocurrency prices and tech-focused stock futures dropped alongside rising oil costs. The potential for renewed fighting has increased concerns about inflation and economic stability.
Key market movements
- Bitcoin fell 1.3% to $83,324 at 03:30 UTC.
- Nasdaq futures traded 0.7% lower.
- Major altcoins like Ether, XRP, and Solana also saw losses.
- WTI crude oil futures rose nearly 1% to $93.28.
- The 10-year Treasury yield climbed to 5.20%, its highest level since 2007.
Statements from leaders
President Trump told Fox News that while he expects the war to end "very soon," he did not want to confirm whether more military action would happen. He emphasized that the U.S. aims to win through both military force and economic pressure.
In response, Iran's Foreign Minister Abbas Araghchi warned that his country is fully prepared for renewed conflict, even describing a potential "doomsday war." Earlier, Iran had proposed a seven-day pause in fighting to reopen the Strait of Hormuz, a critical shipping route, but Trump rejected this offer on Truth Social.
Market context and analyst views
Despite the recent drop, Bitcoin has gained 42% over the last three months, outperforming many other assets. However, analysts are monitoring upcoming U.S. data on inflation, manufacturing, and employment for signs of future volatility.
Vikram Subburaj, CEO of the Indian exchange Giottus, noted that the $83,800 to $84,000 range serves as important support for Bitcoin. He advised caution against rushing to buy at current levels.
What remains uncertain
It is unclear exactly when or if further military strikes will occur. Markets remain sensitive to any new developments regarding the conflict or changes in U.S. policy before the midterm elections.
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.