Bitcoin Rebounds Above $81,000 as Trump Rules Out Iran Strikes Before Midterms

Bitcoin rebounded above $81,000 and crude oil dropped toward an intraday low of $90.26 after U.S. President Donald Trump ruled out military strikes against Iran before the November 3 midterm elections. Citing productive diplomatic discussions, Trump temporarily eased geopolitical tensions, though he emphasized that an existing blockade remains in effect. Crude oil retreated from resistance between $92.29 and $93.48 as Trump reported 22 million barrels flowed through the Strait of Hormuz overnight with none connected to Iran. Meanwhile, Iranian officials stated they plan to respond to U.S. proposals within days.