Bitcoin retreats from one-month high as oil tops $85, inflation concerns resurface
BTC eased from a one-month high as WTI crude topped $85 for the first time since June, reigniting inflation fears and pushing investors toward gold, silver and the safety of bitcoin over altcoins.
Quick take
Read original at CoinDesk Bitcoin fell below $66,000 after reaching a one-month high as oil prices topped $85, reigniting inflation concerns. The crypto market edged lower, with bitcoin and ether shedding 0.9% and 0.5%, respectively. Bitcoin's dominance climbed to 59% as investors sought safety.
Summarised by netranta from CoinDesk. Open the original for the full story.
Observations (0)
Log in to add an observation.
No observations yet — add the first.