Bitcoin Blasts Past $81,000 as Trump Weighs Ending Iran War
Bitcoin (BTC) reclaimed $81,000 on Thursday as reports suggest the Iran war could be over. Reportedly, Donald Trump's inner circle is advising the president to declare the war officially over, as pressure over midterm elections grows.
Meanwhile, Fed Governor Christopher Waller signaled he could back a September rate hold, further exacerbating the Bitcoin rally.
Bitcoin Rallies as Iran War Talk Shifts
The Wall Street Journal reported the private talks on Thursday. Trump reportedly thinks economic pressure alone will force Tehran to concede.
However, senior aides warned that more escalation could cost Republicans the November midterm elections.
Bitcoin has traded this war closely, sliding below $77,000 on Tuesday after Trump confirmed fresh strikes near the Strait of Hormuz. So Thursday's bounce fits the pattern.
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