Bitcoin shrugged off renewed tensions in the Middle East on Monday, barely moving despite U.S. President Donald Trump vowing to hit Iran hard.

The price of the biggest cryptocurrency recently stood at $79,076, unchanged over a 24-hour period. The coin has also not moved from where it stood seven days ago.

Bitcoin began a strong run two weeks ago — its best in three years — and is up nearly 30% over the past month.

The rally started after the U.S. Treasury said it would at least double the size of its liquidity-support buyback operations. The announcement hurt the dollar, but non-yielding assets like bitcoin and gold have benefited. The dynamic mirrors a broader pattern in which easier dollar liquidity tends to lift assets investors treat as hedges against currency debasement, including bitcoin and gold.

Positive regulatory news has also supported bitcoin this month: President Trump said last week that the long-awaited crypto Clarity Act was a "very, very powerful" piece of legislation and urged lawmakers to get it over the line. The Clarity Act aims to establish a framework for distinguishing between digital assets that are securities, commodities or payment stablecoins — legislation the crypto industry has long called for, arguing that regulatory ambiguity has deterred institutional participation and driven some firms offshore.

Investors have also piled back into exchange-traded funds this month, helping bitcoin's price. From August 17 to 27, investors put over $2.8 billion into the vehicles — the most since October. Spot bitcoin ETFs, approved in the U.S. in January 2024, have become a key conduit for institutional money, so sustained inflows are widely watched as a gauge of broader demand.

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… pic.twitter.com/ROC9tYPMGN — Bitcoin Magazine (@BitcoinMagazine) August 31, 2026

Bitcoin reached as high as $81,281 last week before sliding again on Friday. That level now stands as the near-term reference point traders are watching as the market digests both the geopolitical backdrop and the ETF inflow streak.

Geopolitical strife has hurt bitcoin's price this year, with the cryptocurrency typically facing downward pressure on news of war and rallying in hopes of a ceasefire. When the U.S. and Israel first attacked Iran in February, the coin nosedived, and it had been shaky on news of war in March and April.

In recent months, however, bitcoin's volatility has been muted, according to analysts, and Monday was no different: President Trump promised to hit Iran again, but the asset didn't flinch. Analysts note that when an asset stops reacting to headlines that previously moved it, it often signals that other drivers — in this case liquidity and regulatory momentum — are dominating price formation.

The U.S. and Iran resumed strikes on Sunday — the first in over one month.

"We're going to hit them hard," President Trump was quoted telling a Fox News reporter on Monday.

This post first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.