Bitcoin circles $81.5K ETF cost basis as Trump Iran comments send stocks lower

Bitcoin experienced a 3% daily decline, mirroring the downward pressure observed in US stock markets. This broader market reaction was primarily attributed to President Donald Trump's recent comments regarding potential military action in Iran. The article highlights that Bitcoin's price activity is occurring around an $81,500 ETF cost basis, linking its market performance to significant institutional investment benchmarks alongside geopolitical and macroeconomic influences.