Bitcoin slips under $77,000 as oil prices fall sharply on diplomacy hopes

Community Trust Score Verified 80 % Real Verified 15 votes Updated 55 seconds ago Bitcoin ( BTC ) declined approximately 1.7% on Monday, slipping below the $77,000 mark after briefly reaching $78,750 following the weekly close. The cryptocurrency failed to sustain buying pressure despite a sharp drop in global energy prices driven by diplomatic developments in the Middle East. The movement in Bitcoin occurred alongside a significant retreat in oil markets. West Texas Intermediate (WTI) crude fell more than 7%, briefly reaching $95.15 per barrel, which marked its lowest level since October 15.

Source: The Currency Analytics