Bitcoin rebounded to $82,000 after President Donald Trump said the United States would not attack Iran before the Nov. 3 midterm elections, easing geopolitical fears that had driven oil prices higher and cryptocurrencies lower.
Concerns that advances in artificial intelligence could weaken the cryptography securing bitcoin and eter also contributed to Thursday’s sell-off, though prominent experts disputed the immediacy and nature of the threat.
Analysts identified $81,000 as key support and $82,000 as resistance for Bitcoin, with a drop below roughly $80,300 potentially increasing downside risk.