Trump Iran

Bitcoin and Nasdaq futures slid to start the week after President Donald Trump declined to rule out further U.S. strikes on Iran before the November midterm elections. The pullback came alongside rising crude oil prices and a fresh multi-decade high in Treasury yields, adding to volatility just as key U.S. inflation and jobs data are due.

• Bitcoin fell 1.3% to $83,324 at 03:30 UTC, with ether, XRP and solana posting similar losses.
• The 10-year Treasury yield climbed 127 basis points to 5.20%, its highest level since 2007.
• Iran proposed reopening the Strait of Hormuz for a seven-day pause at the United Nations General Assembly, a plan Trump rejected.

• $83,324 bitcoin’s price at 03:30 UTC, down 1.3%
• 5.20% 10-year Treasury yield, highest since 2007
• 42% bitcoin’s three-month gain, beating Nasdaq and gold
• $93.28 WTI crude futures price, up nearly 1%

Bitcoin and Nasdaq futures opened the week lower after Trump declined to rule out further U.S. military strikes on Iran before the midterms. According to reporting by CoinDesk, bitcoin fell 1.3% to $83,324 at 03:30 UTC, while Nasdaq futures dropped 0.7%. Crude oil futures rose on both sides of the Atlantic, adding to the risk-off tone across markets.

Bitcoin drops to $83,324 as ether, XRP and solana follow lower

Ether, XRP and solana all posted losses similar to bitcoin’s as the broader crypto market tracked risk assets lower. WTI crude futures climbed nearly 1% to $93.28 a barrel, with Brent crude posting comparable gains.

Trump said Sunday, September 27, that he expected the war with Iran to end “very soon.” He did not rule out resuming military action before the midterms.

“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.”

Donald Trump, U.S. President, to Fox News

Trump added that the United States would win the conflict through both military and economic pressure, Fox News reported.

Iran’s Araghchi warns Tehran could withstand a ‘doomsday war’

Iran’s Foreign Minister Abbas Araghchi said his country is “fully prepared” for renewed conflict, warning that Tehran could withstand even a potential “doomsday war.”

At the United Nations General Assembly, Iran proposed reopening the Strait of Hormuz, the oil chokepoint disrupted since fighting began in early March, for a seven-day pause followed by broader negotiations, according to a live update from the Times of India. Trump rejected the proposal, saying Iran was seeking a deal only because it was under heavy pressure. He also wrote on Truth Social that Iran “cannot have a nuclear weapon.”

Treasury yields hit 5.20%, the highest since 2007, as traders await inflation data

The lingering uncertainty has stoked inflation fears since the war began in early March, pushing the 10-year Treasury yield up 127 basis points to 5.20%, its highest level since 2007. The move reflects a mix of inflation concerns, Federal Reserve rate-hike bets and mounting U.S. debt worries, CoinDesk reported.

Bitcoin has still outperformed. Prices are up 42% over the past three months, beating both the Nasdaq and gold, according to CoinDesk’s market data.

Vikram Subburaj, chief executive of India-based exchange Giottus, said the $83,800 to $84,000 zone is an important near-term support level, with $85,000 to $85,800 acting as immediate resistance. He advised against chasing the rally at current levels, telling CoinDesk in an email that traders should keep leverage limited and use staggered entries to manage volatility.

U.S. PCE inflation, ISM manufacturing and nonfarm payrolls data are due this week and could sway Federal Reserve rate-hike expectations, CoinDesk reported.

The BlockWest read. We read this less as a bitcoin story than a rates story. A 10-year yield at 5.20% competes directly with risk assets for capital, yet bitcoin has still gained 42% over three months. That gap suggests institutional flows are pricing crypto as a hedge against fiscal and geopolitical risk, not simply a rate-sensitive trade. This week’s data will test whether that thesis holds.

Traders will watch U.S. PCE inflation data, ISM manufacturing figures and the nonfarm payrolls report due later this week, alongside any further signal from Trump on renewed strikes before the November midterms.