Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes

Bitcoin and Nasdaq futures opened lower after President Donald Trump said on Sunday he would not rule out additional U.S. strikes on Iran before the midterm elections, even as he suggested the conflict could end soon. Oil futures rose, and markets await U.S. inflation, manufacturing and jobs data this week that could add further volatility.

By AI Newsroom· Reviewed by Pranav, Founder & Editor-in-ChiefPublished about 2 hours agoUpdated about 2 hours ago0 views

Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes

Why It Matters

Renewed U.S.-Iran tensions are lifting oil prices and contributing to market uncertainty that can influence Treasury yields, equities and crypto prices. With key U.S. economic releases this week, investors are watching for data that could reshape rate expectations and risk asset flows.

Key Facts

Bitcoin price (reported): $83,324 (down 1.3%)
Ether price (reported): $2,650.92
Nasdaq futures move: trading 0.7% lower
WTI crude futures: $93.28 (up nearly 1%)
10-year Treasury yield: 5.20% (up 127 basis points since the war began)

Markets opened the week on the defensive after President Donald Trump left open the possibility of further U.S. strikes on Iran ahead of the early-November midterm elections. Bitcoin slipped about 1.3% to roughly $83,324 while major altcoins including ether, XRP and solana also posted losses. Futures tied to the Nasdaq traded about 0.7% lower.

Energy contracts gained ground amid the heightened geopolitical risk, with WTI crude futures rising nearly 1% to $93.28 and Brent posting similar increases. Iran’s foreign minister said the country is “fully prepared” for renewed conflict, and Tehran proposed a temporary reopening of the Strait of Hormuz and a seven-day pause in fighting to allow broader negotiations; Trump rejected that proposal.

The war-driven uncertainty has pushed Treasury yields higher, with the 10-year yield up 127 basis points to 5.20% since the conflict began in March, according to the report. That rise reflects investor concern about inflation, expectations for further Fed tightening and broader debt worries, and it is part of the backdrop affecting risk assets including cryptocurrencies.

Bitcoin has recovered strongly in the third quarter despite the geopolitical turmoil, gaining about 42% over three months and outpacing major assets such as the Nasdaq and gold. Market participants are now focusing on a slate of U.S. data due this week — personal consumption expenditures inflation, ISM manufacturing and nonfarm payrolls — which could sway Fed rate-hike expectations and add volatility to both crypto and equity markets.

Analysts cited in the report flagged technical levels for bitcoin and urged caution around leveraged positions. Vikram Subburaj, CEO of India-based Giottus exchange, noted near-term support around the $83,800–84,000 area and immediate resistance in the $85,000–85,800 range, and recommended managing leverage and using staggered entries while markets digest ETF flows, Treasury yields and incoming economic data.