Bitcoin Surges Above $81K as Trump Rules Out Pre-Election Iran Strikes

Trump’s statement, posted on Truth Social, characterized recent diplomatic contacts with Tehran as productive while confirming that the U.S. blockade remains in full effect. Despite the pledge to pause military action, the administration reiterated its demand that Iran must not pursue nuclear weapons. The market reaction was swift: TradingView data tracked Bitcoin’s recovery above $81,000, reversing a sharp decline that had seen more than $480 million in crypto positions liquidated within a single hour.

This cooling of geopolitical tensions has shifted investor sentiment, with Polymarket traders currently assigning a 60% probability that a ceasefire will hold through November 15. The diplomatic situation remains fluid, however, as Iranian Foreign Minister Abbas Araghchi confirmed that Tehran is reviewing a proposal from Washington. Araghchi stated that Iran intends to provide a formal response within the coming days, while simultaneously warning that the nation remains prepared to defend itself should the military outlook change after the American vote.