Markets· ★★★· neutral·

Bitcoin recovers to $81,000 as oil rally and Fed expectations weigh on markets

  • —BTC trades near $81,230, up 1.8% after a dip to $79,500
  • —Brent rose 1.4% to $115.47, WTI gained to $101.33
  • —Spot bitcoin ETFs saw $635.6M outflows on Oct 22 and $110.3M inflows on Oct 26
  • —Markets price an 84% chance of a Fed rate hike in December
Why it matters: Costly oil fuels inflation and curbs hopes for Fed easing, limiting capital inflows into bitcoin.
#BTC
Source: ForkLog
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