Bitcoin Slides Towards $81,000 as Oil Tops $110
Bitcoin extended its daily losses to 3% as US stocks faced downward pressure following comments from President Donald Trump regarding Iran military action.
Update (Oct 22, 17:01 UTC): According to CryptoRank, Bitcoin is now sliding towards $81,000 as oil prices above $110 revive rate-hike bets.
Bitcoin dipped below $81,500, heading lower alongside US stocks as fresh threats of escalation in the US-Iran conflict weighed on global risk sentiment.
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According to Cointelegraph, the leading cryptocurrency extended its daily losses to 3% as broader markets reacted to statements made by President Donald Trump concerning potential military action involving Iran.
Key facts
- Bitcoin dropped below $81,500 amid market-wide pressure.
- Daily losses for the cryptocurrency extended to 3%.
- US stocks also moved lower following remarks from President Donald Trump on Iran military action.
Source: cointelegraph.com
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