Bitcoin hits over $82,000 amid oil drop

Bitcoin prices rose once again above $82,000, supported by improved investor risk appetite and falling oil prices. The decline in oil from its five-month high boosted confidence in high-risk assets. The largest cryptocurrency saw a rise of up to 2.3% in Asian markets, with "Ether" up 3.7% and "Solana" more than 4.6%. The recovery came as oil prices dropped to around $107 per barrel, along with gains in U.S. stock indices, despite institutional demand for Bitcoin waning for the second consecutive week, and a decline in Bitcoin exchange-traded funds (ETFs) in the United States. Despite Bitcoin's rebound, experts expect trading ranges to stay between $80,000 and $85,000, with greater risks of decline given the current market conditions.

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