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Crypto

Bitcoin gives up gains as oil surges, market eyes U.S. inflation data

Bitcoin fell 2.2 percent after failing to hold above $84,000, giving up early-week gains after rising to $84,254 on Bitstamp, Cointelegraph reported. Rising tensions around Ukraine and the Middle East and a surge in oil prices weighed on sentiment. WTI climbed above $94 a barrel and Brent rose to $107.25, its highest since Sept. 16. Markets are watching upcoming U.S. CPI and PPI data, with oil seen as a potential inflation driver.

Crypto

Bitcoin hit by rising oil and interest rates as buying slows, adding to headwinds

Bitcoin slid to around $83,000, its lowest level this month, amid a combination of surging oil prices, rising U.S. Treasury yields and broader weakness in risk assets. Brent climbed to $102 a barrel and WTI to $91. U.S. 10-year and 30-year yields hit 24-year highs. Analysts also pointed to weakening demand in spot and derivatives markets, with open interest down about 10 percent since Sept. 22.

Crypto

Bitcoin nears 40 percent third-quarter gain, Middle East and U.S. data seen as late variables

Bitcoin slipped below $83,000 early in the week but kept a more than 40 percent rise for the third quarter, nearing its strongest Q3 since 2017. Weakness followed renewed focus on potential additional U.S. strikes on Iran, while order-book liquidity and large sell orders around $85,700 added pressure. Traders are watching key resistance and support levels ahead of September and quarterly closes, U.S. PCE inflation and payrolls data, and Middle East risks.