Bitcoin holds near $81,000 as Brent crude hits seven-month high
Briefing by News4U · First published
Bitcoin traded around $81,000 after dipping below the level, while Brent crude rose to its highest since March amid US-Iran tensions.
Bitcoin traded near $81,000 after briefly falling below the level on Friday, while Brent crude rose nearly 3% to $116 per barrel, its highest since March. [1] [2]
US stocks opened lower, with the S&P 500 down 0.6% and the Dow Jones down 1.4%, as traders turned risk-averse ahead of the Fed’s Oct. 27–28 meeting. [2]
Traders cited concerns over possible renewed US military strikes on Iran around the midterm elections, pushing WTI crude above $102 per barrel. [2]
Sources
- Live updates: Bitcoin holds above $81,000 as oil prices hit six-month high
CoinDesk · · Full text
- Bitcoin seeks support above $81K as Brent crude oil hits highest level since March
Cointelegraph · · Full text