Bitcoin drops to $83,000 as oil climbs back above $100: Crypto Markets Today
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Bitcoin fell to around $83,000 as renewed strength in oil prices, which moved back above $100 per barrel, intensified broader risk-off sentiment. The decline reflects pressure from macroeconomic concerns, including inflation risks and expectations for tighter monetary policy. Higher energy costs could further weigh on risk assets, leaving Bitcoin vulnerable to additional volatility despite its longer-term investment narrative.
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