Trump Considers Ending US-Iran War Amid Bitcoin Price Surge
President Donald Trump is considering declaring an end to the US-Iran war, according to a Wall Street Journal report on September 3. The development lifted Bitcoin's price as traders tracked the US-Iran conflict.
The discussions come after several US officials told the WSJ that Trump expects economic pressure to influence Iran's leadership and force Tehran to dismantle its nuclear program or contribute to the government's collapse.
Trump's administration is assessing the costs of continued military action, with aides warning that an escalation could damage Republican prospects in the midterms. The US-Iran war started with strikes by the United States and Israel in late February, followed by several ceasefire attempts, interim agreements, and declarations of an end.
New York Fed President John Williams said inflation was declining, easing fears of higher rates, which supported Bitcoin's rise above $78,000.