Bitcoin holds $80K as US crude stocks drop 3M barrels, stoking inflation fears
- —BTC down 8.1% from $87,249 on Oct. 2 to $80,200 on Oct. 25
- —US crude stocks fell 3.06M barrels last week vs. 0.82M expected
- —Brent $116.72 (+3.14%), WTI $103.27 (+3.8%), highest since April 29
- —Spot BTC ETFs drew $1B in three days, then lost $773.5M Thursday-Friday
Why it matters: Costlier oil keeps inflation elevated and tightens financial conditions, raising the risk of another BTC slide below $80K if the Fed stays hawkish.
Source: CoinDesk Japan