Bitcoin Price Stuck Near $81K as Oil Surge Rattles Global Markets

Following two days of high volatility, bitcoin traded largely flat around $81,500, putting it on track for its first monthly loss since July. Following two days of heightened price volatility, bitcoin traded largely flat on Friday, even as surging oil prices—fueled by fears of escalating war of words between the U.S. and Iran—shook broader markets. The pause left bitcoin virtually unchanged over the past seven days, keeping the cryptocurrency on track to close the month in the red for the first time since July. According to daily price charts, bitcoin held mostly above $81,000 but repeatedly stalled near $81,600. As of 1:30 p.m. EST, bitcoin hovered just above $81,500, virtually flat compared with 24 hours earlier.

First reported by Bitcoin.com News. This page is a short excerpt; the full text is theirs.