Bitcoin falls to $80,340 after new attacks on Saudi oil routes
- —A missile aimed at Riyadh was intercepted, attacks on Yanbu prevented
- —The East-West pipeline at Yanbu is out of action for 3-5 weeks
- —Bitcoin fell more than 1% to $80,340 from nearly $82,000
- —Rising oil prices could stoke inflation and limit rate cuts
Why it matters: Crypto trades on weekends, so bitcoin is the first to signal how markets are reacting to the Middle East escalation.
Source: Crypto Insiders