Bitcoin Rebounds to $82,000 as Geopolitical Fears Ease

Bitcoin rebounds — Bitcoin’s price recovered to $82,000 on Friday, rebounding from a sell-off as geopolitical tensions eased following comments from former U.S. President Donald Trump.

The cryptocurrency market had faced pressure on Thursday amid fears of escalating conflict in the Middle East and concerns about potential long-term threats to cryptographic security from advances in artificial intelligence. Trump’s statement that the United States would not attack Iran before the November midterm elections helped calm markets, contributing to a drop in oil prices and a recovery in risk assets.

Analysts identified the $81,000 level as a key support zone for Bitcoin, with $82,000 acting as initial resistance. A sustained break below roughly $80,300 was seen as a potential trigger for further downside risk.

While some security experts had raised concerns about AI’s potential to undermine the cryptography underpinning Bitcoin and other digital assets, prominent figures in the field disputed the immediacy and practical nature of such a threat, contributing to the market’s stabilization.