Bitcoin dips below $84,000 as oil jumps on Iranian tanker attacks
13 Articles
13 Articles
This night the price of Bitcoin recorded a rapid decline towards the area of $84,000, driven by macroeconomic tensions and oil rally. However, the simultaneous expansion of the Open Interest on derivatives, and the absence of panic sales by the Long-Term Holder, indicate that the descent could represent a classic flush out of [...]
Bitcoin falls under $84,000 and causes 550 M in crisis settlements in Ormuz, October 7, 2026
Bitcoin Falls Below $84K While Oil Jump $100 on Hormuz Crisis
The post Bitcoin Falls Below $84K While Oil Surges Past $100 on Hormuz Crisis appeared first on Coinpedia Fintech News Bitcoin fell to $83,570 over the past 24 hours as tensions around the Strait of Hormuz pushed oil prices above $100 a barrel. The sharp drop wiped out about $80 billion from the crypto market within hours and triggered nearly $550 million in liquidations, with leveraged long positions taking most of the losses. Oil Price …
Selling pressure on Bitcoin continued into the new day. The cryptocurrency leader, which fell to the $84,000 level, is under pressure from rising oil prices, while new regulatory steps from the US are being closely watched.
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