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Bitcoin dips under 82K amid oil and rate pressures
Bitcoin's price has fallen below $82,000, reaching approximately $81,511, influenced by rising oil prices and escalating tensions in the Middle East, which have weakened investors' risk appetite. This decline is partly due to Brent crude oil hitting a five-month high of $111.05 per barrel after targeting Saudi facilities, raising concerns about inflation and its impact on high-risk assets. Additionally, alternative cryptocurrencies such as Ethereum, Solana, and Cardano declined between 1.2% and 2%, amid expectations that the Federal Reserve will hold interest rates steady at its upcoming meeting.
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