Bitcoin slips from near $80,000 as oil price increase weighs on risk assets
CoinDesk·3h ago·Neutral
What Happened
Bitcoin declined 0.7% to $77,600 Thursday after nearly reaching $80,000 resistance Wednesday. Oil prices jumped 1.5% to $103 per barrel following U.S. seizure of Iranian tankers, pressuring risk assets. Ether fell 2.5% to $2,320. Despite Thursday's pullback, bitcoin has broken above its two-month $63,000-$75,000 range established since early February.
Key Entities
BitcoinEtherOil pricesIranian tankersU.S. geopolitical actionRisk assetsPantera CapitalSatsuma Technology