Bitcoin climbed back above $81,000 on October 8, 2026, following a statement from President Donald Trump. He confirmed that the United States would not conduct military strikes against Iran before the midterm elections on November 3.
Despite the recovery, the asset remained down 1.9% over a 24-hour period. This price level marks the first time Bitcoin has traded above $81,000 since September 21, 2026.
Market analysis from PrimeXBT noted a divergence between assets, as crude oil prices retreated while Bitcoin gained. Traders on Polymarket currently estimate a 60% probability that a ceasefire will hold through November 15.
While the administration signaled progress in diplomatic talks, the US naval blockade remains in effect. The conflict between the two nations has been ongoing since February 2026.
