Bitcoin Drops 3% to 3.7% as Trump's Iran Comments Hit Stocks, Testing $81,500 ETF Cost Basis
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· body · New information from a source
Bitcoin extended losses to 3% as US stocks came under pressure from President Donald Trump's comments on Iran military action, according to Cointelegraph.The decline brought the asset toward the $81.5K ETF cost basis level tracked by Glassnode, which has provided support in October after capping bitcoin's May rally, The Defiant reported.- Bitcoin fell as US stocks came under pressure following President Donald Trump's comments on Iran military action, according to Cointelegraph, which put the daily decline at 3%.
- The Defiant reported a steeper drop of 3.7%, with the price testing the $81,500 level.
- That figure corresponds to Glassnode's estimated cost basis for bitcoin ETF holders, last dated Oct. 19, according to The Defiant.
- The outlet noted this level has functioned as support during October after previously acting as a cap on bitcoin's rally in May.
- Both outlets tied the price move directly to Trump's remarks on Iran, which weighed on broader equity markets alongside the crypto decline.
· summary · New information from a source
Bitcoin fell 3% as Trump's Iran comments sent US equities lower, testing the $81.5K ETF cost basis level.- Bitcoin slid as Trump's Iran comments pressured stocks, pulling the price down toward the $81,500 level that marks the average ETF holder's cost basis.
· headline · New information from a source
Bitcoin drops 3% toward $81.5K ETF cost basis as Trump Iran comments weigh on stocks- Bitcoin Drops 3% to 3.7% as Trump's Iran Comments Hit Stocks, Testing $81,500 ETF Cost Basis
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Bitcoin fell as US stocks came under pressure following President Donald Trump’s comments on Iran military action, according to Cointelegraph, which put the daily decline at Bitcoin extended daily losses to 3% as US stocks came under pressure from President Donald Trump’s comments on Iran military action.
. The Defiant reported a steeper drop of Bitcoin Falls 3.7% to Test $81,500 ETF Cost Basis.
, with the price testing the Bitcoin circles $81.5K ETF cost basis as Trump Iran comments send stocks lower.
level.
That figure corresponds to Glassnode’s estimated cost basis for bitcoin ETF holders, last dated Oct. 19, according to The Defiant. The outlet noted this level has functioned as support during October after previously acting as a cap on bitcoin’s rally in May.
Both outlets tied the price move directly to Trump’s remarks on Iran, which weighed on broader equity markets alongside the crypto decline.
Sources: Cointelegraph, The Defiant
This article is for information only and is not financial advice.
What the market did
Each figure is this site’s own reading, with what it was measured against. A blank is a reading nobody took, not a zero. The before-the-headline window prints the rate a RANDOM hour clears the same bar, because a hit rate without its null is not a finding.
Story so far 2 updates
- flashBitcoin drops 3% toward $81.5K ETF cost basis as Trump Iran comments weigh on stocksfirst reported · 2 sourcescointelegraph.com · thedefiant.io
- storyBitcoin Drops 3% to 3.7% as Trump's Iran Comments Hit Stocks, Testing $81,500 ETF Cost Basisupdate · 2 sourcescointelegraph.com · thedefiant.io
