Bitcoin dips below $84,000 as oil jumps on Iranian tanker attacks
Summary
Bitcoin fell about 1.5% to just above $84,200 in Asian trading, after dropping as low as $83,840. Most major cryptocurrencies also declined, with Dogecoin down 5% and ether down 3.5%. Rising oil prices, a stronger dollar and higher Treasury yields followed increased Iranian attacks on tankers in the Strait of Hormuz, weighing on risk assets. Markets awaited minutes from the Federal Reserve’s September meeting for clues on the likelihood of further rate increases. FxPro identified $83,000 as a key support level; a break below it could open a path toward $80,000.
