Bitcoin fell to about $83,050 on Monday afternoon in Asia, down 1.6% over 24 hours, according to CoinMarketCap , after trading at around $84,400 for most of the weekend. The decline began during Monday morning trading in Asia. Bitcoin remains up about 1.9% over the past seven days.
Ether fell 1.9% to around $2,646 and is down about 0.9% on the week. XRP dropped 2.2% to $1.48 and Solana slipped 1.2% to about $119, though Solana is still up 6.7% over seven days. The total crypto market capitalisation stood at about $2.86 trillion, down 1.2% on the day, according to CoinMarketCap .
The weekend's main macro development came from the Middle East. Iranian Foreign Minister Abbas Araghchi offered to reopen the Strait of Hormuz within seven days if the US lifted its naval blockade of Iranian ports, waived sanctions on Iranian oil, released about $12 billion in frozen assets and observed a ceasefire that included Lebanon. US President Donald Trump rejected the offer on Saturday, saying "it is what we would have maybe agreed to a year ago." The Wall Street Journal reported that Trump has told aides he expects to resume bombing Iran after the Nov. 3 midterm elections, even as he said he expects mediated talks through Qatar to resume this week. Asked by Fox News whether strikes before the midterms were possible, Trump said: "It's possible, but I just don't want to say that."
The conflict has kept energy prices elevated, with Brent crude ending last week at around $104 a barrel. A ceasefire agreed in a June memorandum of understanding collapsed in July over disagreements about control of the strait and sanctions relief.
The market's resilience through the weekend owed something to demand from US spot bitcoin ETFs. The funds took in about $2.2 billion over the first four sessions of last week, led by $1.42 billion on Sept. 21 alone, according to Bitbo's flow data , following three consecutive days of outflows the week before. BlackRock's IBIT accounted for about $1.05 billion of the four-day total.
The inflows also helped the market absorb last week's breach at Bitget, which has since raised its loss estimate to $387.5 million. The exchange began reopening withdrawals in phases on Monday, starting with bitcoin, with ether, USDT and other assets to follow through Oct. 2.
For the week ahead, traders will watch whether US-Iran talks restart as Trump suggested and whether oil holds above $100. A durable diplomatic breakthrough would ease pressure on inflation expectations, while signs that strikes will resume before or after the midterms would test how far Monday's selling extends.