BITX is trading 3.02% down at $19.23 in pre-market as Bitcoin fell toward $83,000.

  • On September 28, President Trump rejected Iran’s Strait of Hormuz proposal, reviving concerns about oil prices, inflation and tighter financial conditions.
  • Bitcoin’s failure to hold above $87,000 and leveraged-long liquidations added selling pressure; no BITX-specific announcement was identified.
  • Nasdaq fell 0.85%; context did not establish a broad-index move above 0.5%. Prior-session coverage linked BITX weakness to Bitcoin below $84,000 and liquidations.