Bitcoin remained largely unchanged despite escalating tensions in the Middle East and U.S. President Donald Trump’s vow on Monday to hit Iran hard.
The price of Bitcoin, the world’s largest cryptocurrency, recently stood at $79,076, showing no movement over 24 hours. The asset was also virtually unchanged from its level seven days earlier.
Bitcoin gains nearly 30% in a month
Bitcoin began a powerful rally two weeks ago, marking its strongest performance in three years. The cryptocurrency is now up nearly 30% over the past month.
Bitcoin’s price began rising after the U.S. Treasury announced that it would at least double the size of its liquidity-support buyback operations. The announcement weakened the dollar, while non-yielding assets such as Bitcoin and gold benefited.
Positive cryptocurrency regulation developments have also supported Bitcoin this month. Last week, President Donald Trump described the long-awaited crypto Clarity Act as a “very, very powerful” piece of legislation and urged lawmakers to pass it.
The Clarity Act is intended to establish a framework for determining whether digital assets should be classified as securities, commodities or payment stablecoins. The cryptocurrency industry has long called for such legislation.
Crypto ETF inflows support Bitcoin
Investors have also returned to exchange-traded funds linked to cryptocurrencies, providing further support for Bitcoin’s price. Between August 17 and August 27, investors put more than $2.8 billion into the funds, the highest total since October.
JUST IN: Crypto ETFs attracted $3.2 billion in inflows last week, “their largest weekly intake since October 2025”, The Kobeissi Letter reports. BlackRock’s IBIT led with $928 million last week, adding to their $1.3 billion from the prior week, and marking the biggest 2-week…
— Bitcoin Magazine (@BitcoinMagazine), August 31, 2026
Bitcoin reached a weekly high of $81,281 before declining again on Friday.
Geopolitical conflict has weighed on Bitcoin’s price this year. The cryptocurrency has typically come under pressure following news of war and rallied when investors saw prospects for a ceasefire.
When the United States and Israel first attacked Iran in February, Bitcoin’s price plunged. The cryptocurrency also remained volatile after reports of war in March and April.
However, analysts say Bitcoin’s volatility has eased in recent months. Monday followed that pattern: Trump threatened to strike Iran again, but the digital asset showed little reaction.
The United States and Iran resumed strikes on Sunday, marking the first such action in more than one month.
“We’re going to hit them hard,” President Trump was quoted telling a Fox News reporter on Monday.
Source: cryptonews.net
