Bitcoin Tests $81,603 Support as Oil and AI Fears Weigh on Markets
- —Brent crude near $108 after attacks on Persian Gulf tankers
- —September CPI rose 3.7% year-over-year, PPI jumped 6.3%
- —Markets price roughly a 15% chance of a Fed rate hike
- —Spot Bitcoin ETFs lost about $910 million over two weeks
Why it matters: Holding $81,603 keeps a recovery toward $84,246 alive, while a break lower opens the 50-day EMA near $80,548.
Source: Decrypt