Bitcoin, Nasdaq Futures Decline as Trump Won't Rule Out More Iran Strikes
Bitcoin and Nasdaq futures began the new week on a soft note after President Donald Trump on Sunday signaled possible new military strikes on Iran before the early November midterm elections. Bitcoin was down 1.3% at $83,324, with major alternative cryptocurrencies seeing similar losses, while Nasdaq index futures traded 0.7% lower. Trump stated he expected the war with Iran to end "very soon" but did not rule out further military action. Meanwhile, Iran's Foreign Minister Abbas Araghchi said his nation is "fully prepared" for renewed conflict, even a potential "doomsday war." Trump also rejected Iran's proposal at the UN General Assembly to reopen the Strait of Hormuz for a seven-day period. This geopolitical uncertainty has stoked inflation fears since March, pushing the 10-year Treasury yield to 5.20%, its highest since 2007.
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