Bitcoin seeks support above $81K as Brent crude oil hits highest level since March — SkimNews
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- Bitcoin fell to $80,988 before recovering to about $81,600, leaving it below the $81,781 50-day simple moving average that bulls were trying to reclaim by the daily close.
- Bitcoin support views converge near $80,000: Cointelegraph identified $80,000-$81,500 as the aggregate spot-ETF cost-basis zone, while Material Indicators cofounder Keith Alan looked to $78,000-$80,000 if $81,781 was not reclaimed.
- Brent crude jumped nearly 3% to $116 per barrel, its highest since mid-March, while WTI passed $102, its highest since Sept. 16, amid concern about possible renewed U.S. strikes on Iran.
- Robin Brooks said prices were decoupling from physical flows: Persian Gulf transit neared prewar levels for many nations, Saudi Arabia exceeded its prewar average, and he called the difference a “huge risk premium.”
- S&P 500 was down 0.6% in the risk-averse session, with the Nasdaq Composite off 0.2% and the Dow Jones Industrial Average down 1.4%; the U.S. 10-year yield stayed below 5% after reaching 4.939% Thursday, its lowest since Sept. 23.
Why it matters: The $116 oil shock looks geopolitical rather than physical: Persian Gulf flows approached prewar levels and Saudi Arabia exceeded its prewar average, yet Robin Brooks called the price premium “huge.” For Bitcoin traders, the immediate reference point is the $81,781 daily close, alongside a 0.6% S&P 500 decline and sub-5% Treasury yield.
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