Trump Says Iran Strikes Could Come Today. Can Bitcoin Hold $80,000?

President Donald Trump said a US attack on Iran could occur Sunday, or an agreement could be reached instead, while Bitcoin stood at $80,546 after briefly trading below $80,000 on Saturday. Because Bitcoin trades through weekends, it would likely be the first market to react. Glassnode puts the cost basis, or average purchase price, for exchange-traded fund and treasury-company investors at $80,000 to $81,500; a daily close below $80,000 would leave the average holder at a loss. Past escalation headlines cut Bitcoin by 2% to 5% intraday, and an October 22 report on planned US and Israeli strikes after the midterm elections preceded a drop from $84,898 to $80,939.