Though BTC is already down by a number of grand since its native peak, the true hassle may very well be across the nook as experiences emerged hours in the past that US President Donald Trump is making ready a recent wave of assaults in opposition to Iran through the weekend.
The US inventory market additionally plummeted once more on Friday, particularly the Nasdaq 100, which, in accordance with the analysts on the Kobeissi Letter, is near a technical correction.
Macro Strain Builds
The preliminary experiences claimed that the POTUS has requested Iran for permission to strike its Pickaxe Mountain nuclear website with out retaliation, however the authorities within the Center Japanese nation rejected the request. The claims come from IRIB state media correspondent Morteza Ghoroghi, who mentioned: “Trump’s statements right this moment level to conflict inside the subsequent 24 hours.” He additionally advised that Iran’s navy forces are “in a state of full readiness.”
Shortly after, new experiences indicated that Trump went to Mar-A-Lago for the primary time since Could 1, which is identical location the place he began the conflict in opposition to Iran on February 28. Oil costs responded with an instantaneous uptick. Brent crude oil jumped from beneath $106 to a month-to-month peak of $110.
BREAKING: Brent crude oil surges to almost $110, its highest stage since September 15, as Iran locations its armed forces on the very best alert for 72 hours and cell bomb shelters being quickly deployed in Tel Aviv.
US oil is now at $100. https://t.co/WKJ45cFVtF
— The Strait Report (@StraitReport) October 17, 2026
Inventory Market Strain
The opposite macro strain on BTC might come from the general inventory market state. Earlier this week, the key KOSPI and Nikkei crash led to a correction within the crypto market as nicely. Now, US equities are beneath strain, with the S&P 500 down by 2% final week.
The Nasdaq 100 had its largest weekly decline since April 2025, dumping by 3% on Friday alone. The tech sector has erased over $3 trillion (greater than your entire crypto market) previously 10 days. The Kobeissi Letter argued that the Nasdaq 100 is simply 2.5% away from “coming into a technical correction.”
There it’s people.
The Nasdaq 100 is now down -3% on the day and on monitor for its largest weekly decline since April 2025.
US tech shares have erased over -$3 trillion in market cap in simply 10 days.
This places the Nasdaq 100 simply ~2.5% away from coming into a technical correction.
As outlined beneath, we’re in a “Bear-Bull Market.”
— The Kobeissi Letter (@KobeissiLetter) October 16, 2026
These corrections will not be remoted. The Indonesian inventory market just lately skilled its worst every day dump in 28 years, plunging by over 11%.
Will BTC Fall Beneath $80K?
The first cryptocurrency dipped beneath the important thing $80,000 help earlier this week for the primary time in a month however managed to rebound above that stage instantly. Nevertheless, the rising strain defined above might result in one other substantial leg down, particularly if the US certainly strikes Iran over the weekend.
Bitcoin didn’t reply instantly to the key developments on earlier weekends, however waited till Sunday night and Monday morning when conventional monetary markets began to open. For now, the asset stays at $81,500, down by 1.5% weekly and by over 6% from its native prime marked a number of weeks in the past.
The publish Bitcoin Below Strain as Trump Reportedly Prepares to Strike Iran Inside 24 Hours appeared first on CryptoPotato.