Bitcoin Surges Past $81,000 as Trump Considers Ending Iran War

Bitcoin's price surged past $81,000 on Thursday as reports emerged that Donald Trump's inner circle is advising him to declare the Iran war officially over. This comes amid growing pressure from midterm elections and economic concerns.

The Iran war has been a major driver of market volatility in recent months, with Bitcoin's price plummeting below $77,000 after Trump confirmed fresh strikes near the Strait of Hormuz on Tuesday.

However, with the private talks suggesting a potential end to the war, Bitcoin's price rebounded, further fueled by Fed Governor Christopher Waller's indication that he could back a September rate hold. This would mark a significant shift in monetary policy and boost investor confidence in riskier assets like Bitcoin.

The oil market, however, seemed to contradict the idea of peace, with Brent crude rising towards $98 a barrel - a six-week high. This divergence between Bitcoin and traditional markets suggests that investors are pricing in a potential end to the war, but caution is still warranted as renewed strikes or a hot inflation print could drag BTC back down.