Bitcoin steadied near $82,600 after President Donald Trump said the United States would not strike Iran before the U.S. midterm elections, helping the largest cryptocurrency recover from a sharp Thursday decline and shifting liquidation pressure toward bearish traders. Ether and Solana remained weaker, while broader financial markets also regained some ground.
Bitcoin rebounds from three-week low
Bitcoin traded near $82,600 after falling to approximately $80,400 on Thursday, its lowest level in three weeks. The move followed Trump’s comments on Iran, which also pushed Brent crude below $103 a barrel after the oil benchmark had reached a two-week high the previous day.
According to CoinDesk, the change in bitcoin’s direction put traders positioned for further declines under greater liquidation pressure. In leveraged crypto markets, liquidations occur when exchanges close positions because traders no longer have enough collateral to support them. A recovery can be particularly painful for bearish traders who had borrowed funds to bet on lower prices.
The decline also brought bitcoin to its 50-day moving average, a level closely watched by traders assessing the medium-term trend. Alex Kuptsikevich, chief market analyst at FxPro, said in an email to CoinDesk that the price found buying interest at that level. He described the moving average as an indicator that had acted as support during earlier periods since July, including in August.
The 50-day moving average is not a guarantee that prices will rise, but it is commonly used as a reference point for judging whether a market’s recent trend remains intact. Bitcoin’s recovery from the level therefore became an important feature of the latest trading session, particularly after the cryptocurrency had fallen sharply the day before.
Ether and major altcoins lag
The recovery was uneven across large digital assets. Ether was down about 2% over 24 hours at roughly $2,500, still affected by Thursday’s sell-off. CoinDesk reported that ether positions were wiped out at six times bitcoin’s rate relative to their respective market values during that decline.
Solana was the weakest performer among the major coins mentioned in the report, falling nearly 4% over the same period to around $110. XRP and HYPE were little changed. The wider CoinDesk 20 index, which tracks a broad group of major digital assets, declined by about 2%.
The uneven performance highlights how a recovery in bitcoin does not necessarily translate into an immediate rebound across the rest of the crypto market. Ether and other major tokens can experience different levels of leverage, liquidity and selling pressure, meaning losses may remain concentrated in some assets even when bitcoin stabilizes.
CoinDesk’s market briefing also pointed to a key longer-term support area: bitcoin’s 50-week exponential moving average, estimated at approximately $78,000. The report said the cryptocurrency was testing resistance above its recent recovery level, while that weekly average represented a lower support reference for traders.
Wider markets respond to Iran comments
The shift in crypto prices occurred alongside signs of recovery in other markets. S&P 500 futures rose less than 0.5%, while Nasdaq 100 contracts gained nearly 1%. The report linked the move partly to reports that OpenAI expected to reach $70 billion in annualized revenue by the end of the year.
Oil prices also responded to the change in expectations around Iran. Brent crude fell below $103 a barrel after Trump said there would be no U.S. strike before the midterm elections. Lower oil prices eased some of the inflation concerns that had contributed to expectations of another interest-rate increase following the release of Federal Reserve meeting minutes.
For crypto markets, the combination of a sharp rebound from Thursday’s low, changing geopolitical expectations and recovering risk appetite created a more supportive short-term backdrop. It did not erase the week’s losses, however, and the CoinDesk 20 remained lower while ether and Solana continued to underperform bitcoin.
Moneyiar market picture
Moneyiar data at 11:34 a.m. on October 11, 2026, showed Bitcoin at $82,969.46, up 0.28% over 24 hours but down 2.74% over seven days. The figures indicate that bitcoin had held close to the levels reached after its recovery, while its weekly performance remained negative.
The same Moneyiar data showed the OFFICIAL TRUMP token at $1.8720, down 1.21% over 24 hours and 7.62% over seven days. edgeX stood at $0.3511, down 2.98% in 24 hours and 25.56% over the week. A separate Moneyiar reading timestamped August 20 showed Fusionist at $0.2793, with gains of 45.34% over 24 hours and 146.86% over seven days; that older timestamp means it does not represent the same current market window as the other figures.
