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Bitcoin (BTC) saw a fresh dip below $81,000 after Friday’s Wall Street open as Brent crude oil set new seven-month highs.
Key points:
- Bitcoin briefly dropped below $81,000 at the start of Friday’s US trading session as stocks drifted lower and the US 10-year yield remained below 5%.Â
- Brent crude oil reached $116 per barrel for the first time since March 19 amid Middle East tensions.
- BTC price action focused on reclaiming its 50-day simple moving average at $81,781.
US stocks slip, bond yields cool as oil surges
Data from TradingView showed BTC/USD falling to $80,988 before recovering to around $81,600 at the time of writing.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
US stocks opened lower as AI-sector expenditure woes coincided with a surge in oil prices on the back of tensions around the US-Iran war.
The S&P 500 and tech-heavy Nasdaq Composite Index were down 0.6% and 0.2%, respectively, at the time of writing. The Dow…
