Bitcoin steadied near $82,600 on October 9, 2026, after President Donald Trump said the United States would not attack Iran before the midterm elections on November 3. The pledge eased immediate geopolitical concerns that had driven the cryptocurrency to a low of roughly $80,400 the previous day.
Market Reaction and Liquidations
The rebound turned selling pressure onto bearish positions. CoinDesk reported that the move followed Trump's Truth Social post describing discussions with Tehran as productive while maintaining the existing blockade. The broader CoinDesk 20 index slipped about 2 percent over the session.
Traders noted that Thursday's dip tested key support at Bitcoin's 50-day moving average. “At the peak of its decline on Thursday, Bitcoin fell to $80.4K, touching its lowest level in the past three weeks and its 50-day moving average, where the balance shifted in favour of buyers,” Alex Kuptsikevich, chief market analyst at FxPro, said in comments to CoinDesk.
Broader Context
Oil prices also reacted, with Brent crude slipping below $103 a barrel after Trump's remarks, following a two-week high the prior day. The diplomatic tone contributed to a steadier session for risk assets heading into the weekend.
Related reports highlighted over $1 billion in crypto liquidations in the prior 24 hours, predominantly affecting long positions during the initial dip, before the recovery began to squeeze shorts.
