Bitcoin Avoids a Retest of $80,000 as Oil Returns Above $100 per Barrel
4 Articles
4 Articles
As US-Iran military conflict escalates, oil prices surpass $100, causing Bitcoin to fall. On Wednesday, September 10th, Bitcoin closed around $78,250, marking its third consecutive day of declines, with the daily closing price... The post Oil prices surpass $100 for the first time since July, Bitcoin whale demand recedes [Price Analysis] first appeared on NADA NEWS.
Bitcoin is weak. This is because investor sentiment has dampened as concerns are being raised that disruptions in the supply of the Korean won will continue due to the prolonged war between the U.S. and Iran, while international oil prices and U.S. Treasury yields are rising. According to CoinMarketCap, a global digital asset market data site, as of around 7:50 a.m. on the 10th, Bitcoin was trading at $77,996, down 0.67% from 24 hours ago. Ether…
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