Bitcoin drops to $83,000 as oil climbs back above $100: Crypto Markets Today
Summary
Bitcoin fell to $83,000, down 2.1% over 24 hours, while altcoins dropped more sharply: 91 of the CoinDesk 100 constituents were lower and the index lost 2.6%. Tokens that surged on Friday led Monday’s declines, including QNT, down 16%, and GRT and ONDO, each down 12%. The sell-off followed President Trump’s rejection of Iran’s terms for reopening the Strait of Hormuz. Brent crude rose 3.2% to $100.83, while gold, silver and U.S. equity futures also fell, indicating broad market pressure.
