Bitcoin Bids Line Up at $82,000 as Oil Gains on Ukraine, Iran Woes

Bitcoin Bids Line Up at $82,000 as Oil Gains on Ukraine, Iran Woes

Bitcoin abandons its latest low-time frame rebound at $84,250 amid market nerves over rising oil prices, with options traders “defensively” positioned.

Commodities: Oil Lower Despite Middle East Escalation

Oil prices are trading weaker this morning despite developments in the Middle East over the weekend.

Oil Stuck Between Middle East Escalation and Russia-Ukraine Energy Truce

Oil prices traded slightly lower in the early morning in Europe on Monday as U.S. President Trump’s announcement of an “energy ceasefire” between Russia and Ukraine offset this weekend’s escalation in the Middle East. Brent Crude prices were at $104 per barrel, and the U.S. benchmark, WTI Crude, traded at about $91 a barrel, down by 0.2% and 0.7%, respectively. The King Khalid International Airport in the Saudi capital Riyadh was hit by the Yeme…

Bitcoin Falls 2.2% as Ukraine-Iran Oil Spike Pushes Prices Higher

Bitcoin slipped back from an early-week high as geopolitical tensions around energy supply resurfaced and traders braced for a pair of major US inflation releases. After trading as high as $84,254 on Bitstamp—its strongest level since Wednesday—BTC/USD gave back as much as 2.2% into the start of the New York session. The pressure was tied [...]

Bitcoin Falls 2.2% as Ukraine, Iran Tensions Push Oil Higher

Bitcoin reached $84,254 before retreating as WTI crude topped $94 and Brent climbed to $107.25, its highest level since Sept. 16.

Bitcoin drops 2.2% as Ukraine, Iran strikes send oil toward one-month high

Bitcoin price action stayed rangebound after failing to sustain above $84,000 into the Wall Street open on rising oil prices.