Bitcoin and Nasdaq futures declined as Donald Trump signaled possible new military strikes on Iran ahead of the early November midterm elections. Bitcoin traded around $83,324, down 1.3% at 03:30 UTC, while Ether was priced at $2,652.91 and Nasdaq futures were about 0.7% lower during that session. Bitcoin has risen about 42% over the past three months in total now.
Donald Trump signaled possible new military strikes on Iran before the early November midterm elections. He said, “I don’t want to say that. I don’t want to say that. I mean, it’s possible, but I just don’t want to say that.” He posted on Truth Social that Iran “cannot have a nuclear weapon.” These remarks were made in the run-up to the midterm elections.
Iran’s official response included a statement by Abbas Araghchi that Iran is fully prepared for renewed conflict and a warning of a potential “doomsday war.” At the United Nations General Assembly, Iran proposed reopening the Strait of Hormuz for seven days. The comments and the proposal were presented as part of the broader set of geopolitical developments reported around the same time.
The quoted statements and the Strait of Hormuz proposal were reported in the same coverage. No additional operational details were provided in those reports.
WTI crude oil rose nearly 1% to $93.28 during the session, while Brent crude rose in tandem. The 10-year Treasury yield increased by 127 basis points to 5.20%, a level reported as the highest since 2007. These price and yield movements were included among the other market indicators reported alongside equity and cryptocurrency price moves. No operational details or additional numerical breakdowns for crude or Treasury markets were provided in that reporting.
These market indicator figures were presented in the same coverage as the geopolitical developments and asset price changes. No further market indicator figures were detailed in the report.
Markets moved lower for major risk assets, with declines recorded in both Bitcoin and Nasdaq futures amid escalating geopolitical tensions involving the United States and Iran. Coverage linked those asset movements to recent public statements and official responses between U.S. leadership and Iranian officials, as well as diplomatic proposals discussed at the United Nations. Reporting presented the developments with a cautious, market-focused tone.
