Crypto News | Bitcoin Rebounds to $83K After Trump Rules Out Iran Strikes Before Midterms — $729M in Two-Day ETF Outflows, Citi Sees Dovish Fed Surprise
Bitcoin fell toward $80,300 Thursday as Iran tensions and $1.19B in leveraged liquidations hit simultaneously, then rebounded to $83,000 after Trump said the US would not strike Iran before November 3 midterms, sending WTI from $93.20 back to $90.69. Bitcoin ETFs shed $729M in two days — the heaviest outflow since June. XRP ETFs were the only category to record inflows ($8M). Citigroup sees a potential dovish Fed surprise if core PCE runs near 2% annualized for several months — the Fed minutes showed no October urgency. JPMorgan estimates $50B has entered crypto in 2026 at a $66B annualized pace. Crypto stocks rose broadly in premarket: MSTR +2.58%, COIN +2.45%.Bitcoin Rebounds to $82K as Trump Rules Out Iran Strikes Before Midterms, Oil FallsBitcoin fell to $80,300 Thursday before recovering to $83,000 after Trump ruled out US military strikes against Iran before November 3, describing discussions as productive while keeping the blockade in place. WTI had surged from $89 to $93.20 on escalation fears before retreating to $90.69. Analysts watching two levels: $81,000 (Giottus CEO Subburaj’s immediate support — a sustained break exposes $80,000 then $77,200 on-chain support) and $82,000-$83,300 as the key recovery resistance zone. BitDelta’s Mashru: reclaiming $82,000 alongside ETH above $2,500 could stabilize conditions; a break below $80,316 increases downside risks. Crypto security experts disputed “bunker mode” wallet migration fears — Coinbase cryptographer Yehuda Lindell said there is no evidence established elliptic-curve cryptography has been broken. The broader pattern holds: four rejections at $87,300 in two weeks, now testing the $80,000-$83,000 zone. XRP ETFs Attract $8M as Bitcoin and Ethereum Funds See Heavy OutflowsBitcoin ETFs shed $244M Thursday after $485M Wednesday — $729M in two days, the worst two-day outflow since June. Ethereum ETFs lost $73M, Solana $3M, and the lone US ZEC ETF shed $19M (October outflows now $86M, erasing ~one-third of cumulative net inflows since launch). XRP ETFs were the only positive category at $8M, all into Franklin Templeton’s XRPZ. XRP cumulative ETF inflows since launch now total $1.81B, surpassing Solana’s $1.59B. The outflows coincided with $1.19B in leveraged liquidations as Bitcoin dropped toward $80,400 — the mechanism that turns a price decline into a cascade when funding rates are elevated. The two-day ETF outflow follows a nine-session $3.1B streak that had been the structural floor under August’s recovery narrative. Whether that bid reasserts after Trump’s Iran statement is the immediate test for next week. Citigroup Sees Potential Dovish Fed Surprise as Core PCE Inflation Nears 2% PaceCiti economist Andrew Hollenhorst argues the US economy doesn’t appear significantly overheated and questions whether further tightening is necessary. Key data point: core PCE ran at 0.1% in July and 0.2% in August — annualizing to roughly 1.5-2.4%, near the Fed’s 2% target. The September minutes showed some officials supported the hike primarily as a precaution against upside inflation risks rather than in response to excessive demand — a framing that weakens as energy-driven inflation fades. Citi’s “dovish surprise” is an earlier end to the tightening cycle, not immediate cuts. For crypto: if core PCE runs near 2% annualized for several months, the case for December’s projected hike (currently at 68.7% market probability) erodes, removing the rate headwind that has capped Bitcoin since August. October 14 CPI is the next data point that advances or undermines Citi’s thesis.JPMorgan Estimates $50 Billion Has Flowed Into Crypto This Year as Momentum ImprovesJPMorgan estimates ~$50B in digital asset inflows year-to-date at a $66B annualized pace — above May’s $52B pace but roughly half of 2025’s full-year pace. Stronger Q3 ETF flows and futures positioning created “positive flow momentum” into Q4. The caveat: cumulative ETF flows remain negative when measured from the October 10, 2025 crypto market downturn — meaning ETFs are still in net outflow territory from the cycle peak. The $50B figure includes all digital asset inflows, not just ETFs, providing broader context than the $729M two-day ETF outflow in isolation. Q3’s $6.34B Bitcoin ETF inflows against Q2’s $5B outflows was the directional reversal; whether Q4 extends or reverses that depends on the rate path and whether Trump’s Iran diplomacy holds.Crypto Stocks Rise in U.S. Premarket Trading as BNC Gains 3.14%Crypto-related stocks advanced broadly in premarket Friday: BNC +3.14%, MSTR +2.58%, COIN +2.45%, BMNR +2.04%, CRCL +1.94%, MARA +1.90%, HOOD +1.86%. The gains track Bitcoin’s recovery toward $82,000 after Trump’s Iran statement rather than any crypto-specific catalyst. Strategy (MSTR) at +2.58% reflects its double sensitivity: Bitcoin price and the premium investors assign to its BTC holdings, both recovering. The premarket moves are consistent with the pattern from September — crypto equities as leveraged proxies amplify Bitcoin’s percentage moves by 1.5-3x in both directions. Coinbase’s +2.45% is relevant given the regulatory pipeline: the SEC’s proposed crypto custody framework (commented period 60 days from Federal Register publication) and the CFTC’s submitted crypto-market proposal are the rulemaking pathways that determine Coinbase’s competitive position after the CLARITY Act failure.