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Bitcoin (BTC) fluctuated around $86,000 on Tuesday as crude-oil prices hit their lowest levels in nearly three weeks.
Key points:
- Bitcoin consolidated at around $86,000 after hitting fresh 33-week highs on Monday.
- US president Donald Trump told the UN that a deal to end the war with Iran could come after November’s midterm elections.
- WTI crude oil dropped to near $89 per barrel, its lowest level since Nov. 4 before reversing toward $92.
Bitcoin tests strength of $86,000 support as oil drops under $90
Data from TradingView showed the volatility of BTC/USD cooling after Bitcoin hit $87,350 the day prior, its highest level since Jan. 29.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
US stocks tracked sideways as US president Donald Trump took to the stage at the UN General Assembly in New York. In a speech to world leaders, Trump pledged to reach a deal to end the US-Iran war, but suggested that this might come after the US…
