Bitcoin Faces Pressure as Oil Hits Monthly High on Iran Strike Warning

Bitcoin traded near $81,500 on Saturday as Brent crude reached a monthly high and a warning of possible U.S.-Iran hostilities added to strain across risk markets. Brent rose from below $106 to about $110, while U.S. crude reached $100. Iranian state-media correspondent Morteza Ghoroghi said President Donald Trump’s remarks pointed to conflict within 24 hours and described Iran’s armed forces as fully prepared. Bitcoin briefly dropped below $80,000 earlier this week for the first time in a month before rebounding. It remained down 1.5% over seven days and more than 6% from a recent local peak. U.S. stocks also declined.

Source: TokenPost