Bitcoin seeks support above $81K as Brent crude oil hits highest level since March
Bitcoin dipped below $81,000 as stocks fell and Brent crude hit its highest level since March, leaving the 50-day moving average in focus.
Bitcoin dipped below $81,000 as stocks fell and Brent crude hit its highest level since March, leaving the 50-day moving average in focus.
Bitcoin (BTC) saw a fresh dip below $81,000 after Friday’s Wall Street open as Brent crude oil set new seven-month highs.
Data from TradingView showed BTC/USD falling to $80,988 before recovering to around $81,600 at the time of writing.
Concerns that the US may renew military strikes on Iran around the midterm elections sent WTI crude oil past $102 per barrel on Friday. This is the highest level since Sept. 16. Brent crude saw an even sharper rise of nearly 3% to $116 per barrel, a level last seen in mid-March.