Bitcoin and Nasdaq Futures Dip as Trump Hints at More Iran Strikes

Markets Bitcoin and Nasdaq Futures Dip as Trump Hints at More Iran Strikes

Trump indicated on Sunday that he might consider additional military action against Iran ahead of the midterm elections, while suggesting the conflict could conclude soon.

By Omkar Godbole Sep 27, 2026, 11:58 p.m. EDT 2 min read

Bitcoin BTC$83,367.84 and Nasdaq futures have started the week on a downward trend after President Donald Trump suggested that new military strikes on Iran could be possible before the upcoming midterm elections.

As of 03:30 UTC, Bitcoin had dropped 1.3% to $83,324, with other significant cryptocurrencies like ether ETH$2,652.72, XRP (XRP), and solana (SOL) also experiencing similar declines. Meanwhile, futures related to the tech-heavy Nasdaq index fell by 0.7%.

Futures for WTI crude oil rose by nearly 1% to $93.28, mirroring gains in Brent crude oil, which contributed to overall market uncertainty.

During his remarks, Trump expressed an expectation that the war with Iran could end "very soon," but he did not dismiss the possibility of further military strikes before the elections. "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," he stated when questioned about the potential for renewed military action, as reported by Fox News.

He emphasized that the U.S. aims to win the conflict through both military and economic means.

In response, Iran's Foreign Minister Abbas Araghchi stated that the country is "fully prepared" for renewed conflict, warning of a potential "doomsday war." At the United Nations General Assembly, Iran proposed a temporary agreement to reopen the strategic Strait of Hormuz for a week to pause hostilities and negotiate broader issues. Trump, however, rejected this offer, asserting that Iran seeks a deal due to significant pressure and reiterated that Iran "cannot have a nuclear weapon."

This ongoing geopolitical uncertainty has heightened inflation concerns since the war's onset in early March, driving Treasury yields upward. The yield on 10-year Treasuries has climbed 127 basis points to 5.20%, marking the highest level since 2007, amid inflation anxieties, expectations of Federal Reserve rate hikes, and debt worries.

Bitcoin initially faced a downturn earlier this year but has since rebounded strongly during the third quarter, rising 42% in three months and outperforming major assets, including Nasdaq and gold.

Market analysts are closely monitoring incoming data for indications regarding Bitcoin's next movement. Vikram Subburaj, CEO of the Giottus exchange in India, noted, "For investors, the 83,800-84,000 zone is an important near-term support. The 85,000-85,800 area is the immediate resistance zone. It would be wise to avoid chasing the rally at current levels."

He further advised maintaining limited leverage and employing staggered entries to manage volatility as the market reacts to ETF flows, Treasury yields, and upcoming U.S. inflation data. This week’s U.S. PCE inflation, ISM manufacturing, and nonfarm payroll reports are anticipated to influence Federal Reserve rate hike expectations and the broader market.

Newsletters

Market analysis for crypto traders and investors.