Bitcoin Slides Towards $81,000 as Oil Above $110 Revives Rate-Hike Bets
Photo: Bitcoin Magazine
Bitcoin is currently in so-called Uptober, a month when the asset is supposed to rally. But it’s being held back — at least for now. Bitcoin’s price on Thursday slid — erasing the gains it made earlier in the week — after oil prices jumped. The largest cryptocurrency was down by nearly 4% over a 24-hour period on Thursday in New York, trading as low as $81,331 at one point. On Wednesday, the price of the top cryptocurrency was fast closing in on $85,000 as investors piled back into tech stocks following Elon Musk’s SpaceX earnings .
Source: Bitcoin Magazine
