Bitcoin Falls 2.2% as Ukraine, Iran Tensions Push Oil Higher
Photo: TokenPost
Bitcoin (BTC) fell as much as 2.2% Monday after failing to hold above $84,000, as rising oil prices and renewed geopolitical tensions pressured risk assets during the U.S. trading session. BTC reached $84,254 before retreating toward the $82,000 area. The move followed concerns over continued attacks on energy infrastructure in the Russia-Ukraine conflict and an oil tanker fire reported in the Strait of Hormuz. Oil prices rose sharply. West Texas Intermediate crude moved above $94 per barrel, while Brent crude reached $107.25, its highest level since Sept. 16. Higher energy prices are adding pressure to markets ahead of key U.S.
Source: TokenPost
