Bitcoin (BTC) Price: Rises Above $77,500 as Trump Weighs Ending Iran War

TLDR

• Trump is privately discussing declaring the US-Iran war over, according to a WSJ report shared on X by analyst CryptoRednirav.
• Bitcoin price rose above $77,500, trading near $77,730 in early Thursday trading.
• Oil prices slipped slightly, with WTI crude under $91 and Brent crude near $95 per barrel.
• Fed President John Williams eased inflation and rate hike fears, citing strong US economic growth.
• Polymarket data shows 63% of bettors still expect Bitcoin to hit $85,000 by December 31, 2026.

Bitcoin price rose above $77,500 during early Thursday trading. The move followed reports that President Trump may declare the war with Iran over.

Trump is privately discussing the idea with senior aides. He has reportedly told them he favors ending the conflict.

The report first came from the Wall Street Journal on September 3. Analyst CryptoRednirav shared the story on X, summarizing the key details for followers.

In the post, CryptoRednirav wrote that officials believe continued economic pressure could force Iran to give up its nuclear program or face collapse. The tweet also noted concerns among aides about the midterm elections.

Trump plans to campaign in 35 key races ahead of the midterms. Aides reportedly warned that further military action could hurt Republican chances at the polls.

The talks come after fresh strikes across the Middle East this week. Iran launched missile and drone attacks on US forces, including a strike on facilities in Kuwait.

Oil Prices Slip as War Talks Continue

Iranian forces claimed hits on several US bases across multiple countries. The US has not yet responded to the attacks.

WTI crude oil traded under $91 a barrel on Thursday. Brent crude held near $95 a barrel, slipping only slightly.

Secretary of State Marco Rubio ordered US embassies to push governments to cut trade with Iran immediately. The White House is also watching interceptor stockpiles, which officials say are close to zero.

Trump told reporters this week that renewed action against Iran “won’t continue for too long.” The war began with US and Israeli strikes in late February.

Since then, the conflict has seen several ceasefire attempts and interim deals. Each previous attempt to end the war has been followed by new rounds of fighting.

Fed Comments Ease Rate Hike Concerns

Rising oil prices had sparked worries about inflation and a possible Fed rate hike. Bitcoin recovered after New York Fed President John Williams pointed to a lower inflation trend.

Williams said rising Treasury yields are linked to a strong US economy and heavy investment in AI and technology. He said inflation is not the main driver.

Bitcoin is trading around $77,730, up more than 1% over the past few hours. The intraday range sits between $76,297 and $77,830.

Bitcoin Price on CoinGecko

Trading volume dropped 12% over the past 24 hours. The drop comes ahead of Friday’s Non-Farm Payrolls data release.

Polymarket data shows prediction market users still expect Bitcoin to reach $85,000 by December 31, 2026. Currently 63% of bets on the platform say “Yes.”

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