100%
↓ 76,000
- ↓ 76,000 100%
- ↑ 76,000 100%
- ↓ 80,000 97%
- ↓ 78,000 94%
- 19 more376%
price move
Bitcoin price recovers as Trump eases Iran fears, can BTC hold $82K?
0Importance
closedStatus
2News media
- Published
Bitcoin rebounded above $82,000 after Trump said the United States would not attack Iran before the Nov. 3 midterm elections. The move came after Bitcoin had been near $80,300, while oil prices also eased, and ETF outflows plus weak technical indicators were still part of the backdrop.
Key claims & sources
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Bitcoin recovered from about $80,300 and moved back above $82,000 after Trump said the United States would not attack Iran before the Nov. 3 midterm elections.
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Oil prices also retreated during the same period as Bitcoin's rebound.
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Bitcoin rose above $82,000 after Trump's Iran comments.
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ETF outflows and weak technical indicators remained part of the picture around the rebound.
What it means
Bitcoin holders and traders noticed the move back above $82,000 after a drop to about $80,300, and oil markets also moved lower at the same time. The immediate effect was a sharper rebound in the spot price, which is what users saw by the next session.
Before this move, Bitcoin had been trading under the $82,000 level, and that level was again back in view after the rebound. The practical change is that the price crossed a line it had not held, while ETF outflows and weak technical indicators were still present in the background.
Market reaction i
Bitcoin rose 0.4% in the 4 hours after the first headline, after rising 0.2% in the 2 hours before.
$82,144
price at the headline
+0.2%
2 h before
+0.4%
4 h after
+0.8%
12 h after
First headline
48 prices, one every 30 minutes
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
first
crypto.news
scoop
Oct 9 06:56
Breaks the event
+6 h 8 m
Crypto Economy
adds
Oct 9 13:04
Crypto Economy
adds
Breaks the figures down; the largest, $27.1B, with quotes
Where this sits in the Bitcoin series
| When | What happened | Figure |
|---|---|---|
| 1.1 years ago | BTC at $115,227 high | today it sits -34.8% from there |
| 4 months ago | BTC at $58,566 low | today it sits +28.3% from there |
From what we have stored, starting 1.1 years ago.
What could happen next i
90%
↑ 76,000
- ↑ 76,000 90%
- ↓ 75,000 58%
- ↓ 74,000 15%
- ↑ 77,000 3%
- 12 more7%