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Bitcoin Slides Towards $81,000 Amid Oil Surge
Original: Bitcoin Slides Towards $81,000 On Oil Surge
Bitcoin is falling toward $81,000 as oil prices surge, with traders drawing a link between the energy market rally and pressure on risk assets. The drop marks a notable setback for the cryptocurrency, and market watchers are weighing whether rising oil costs are tightening liquidity and dampening appetite for speculative holdings.
Why now: A sharp oil price rally is being blamed for a simultaneous slide in Bitcoin, prompting debate about macro-driven selling in crypto.
Evidence
- Bitcoin Slides Towards $81,000 On Oil Surge · Bitcoin Magazine
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