Bitcoin Holds Steady as Trump Renews Threats Against Iran

Bitcoin Holds Steady as Trump Renews Threats Against Iran

N
News Editor
2026-08-31 19:49:17
Bitcoin showed little reaction on Monday as tensions in the Middle East escalated again and U.S. President Donald Trump said the United States would hit Iran hard. According to Bitcoin Magazine, the largest cryptocurrency was recently trading at $79,076, showing almost no movement over 24 hours and little change from a week earlier. The report noted that geopolitical conflict had weighed on Bitcoin several times this year, including after attacks involving the U.S., Israel and Iran in February, as well as during war-related headlines in March and April. This time, however, the market response was muted. The article also pointed to several factors that have supported Bitcoin in recent weeks: a nearly 30% gain over the past month, a strong two-week run described as its best in three years, expectations tied to larger U.S. Treasury liquidity-support buyback operations, supportive comments from Trump on the crypto Clarity Act, and renewed inflows into crypto exchange-traded funds. From Aug. 17 to Aug. 27, more than $2.8 billion went into ETFs, while The Kobeissi Letter said crypto ETFs drew $3.2 billion last week, with BlackRock’s IBIT leading the group.

Bitcoin barely moved on Monday even as tensions in the Middle East rose again and U.S. President Donald Trump vowed to strike Iran hard, according to a report from Bitcoin Magazine.

Bitcoin Holds Steady as Trump Renews Threats Against Iran 2

The largest cryptocurrency was recently trading at $79,076, the report said, showing almost no change over the past 24 hours. It was also little changed from where it stood seven days earlier.

Bitcoin Magazine said geopolitical conflict has hurt Bitcoin’s price several times this year. War-related headlines have usually put the asset under pressure, while hopes for a ceasefire have helped trigger rallies. When the U.S. and Israel first attacked Iran in February, Bitcoin fell sharply. It was also unsettled by war news in March and April.

Muted response to renewed conflict

That pattern did not repeat on Monday. The report said Bitcoin volatility has been more subdued in recent months, and the market reaction stayed calm even after Trump renewed his threats.

Trump told a Fox News reporter on Monday, 「We’re going to hit them hard.」

The U.S. and Iran resumed strikes on Sunday, the first time in more than a month, the article added.

Strong run over the past two weeks

Bitcoin Magazine said Bitcoin began a powerful advance two weeks ago, describing it as its best run in three years. Over the past month, the asset is up nearly 30%.

The report linked the move to news that the U.S. Treasury would at least double the size of its liquidity-support buyback operations. That announcement weighed on the dollar, while non-yielding assets such as Bitcoin and gold benefited.

Regulatory news and ETF demand also offered support

The article said positive regulatory developments also helped Bitcoin this month. Last week, Trump called the long-awaited crypto Clarity Act a 「very, very powerful」 piece of legislation and urged lawmakers to push it through.

According to the report, the Clarity Act is designed to create a framework for determining which digital assets should be classified as securities, commodities, or payment stablecoins. The crypto industry has long called for that kind of legislation.

ETF flows also returned this month. Bitcoin Magazine said investors put more than $2.8 billion into the products between Aug. 17 and Aug. 27, the highest level since October.

The article also cited The Kobeissi Letter as saying that crypto ETFs pulled in $3.2 billion last week, their largest weekly inflow since October 2025. BlackRock’s IBIT led with $928 million last week. Combined with the prior week’s $1.3 billion, that marked its biggest two-week stretch.

Bitcoin climbed as high as $81,281 last week before falling back again on Friday, the report said.

The piece first appeared in Bitcoin Magazine and was written by Mathew Di Salvo.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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