Bitcoin Hits 8-Month High as Falling Oil Prices Lift Risk Appetite
Bitcoin climbed to an eight-month high, a move MarketWatch said sends a signal about risk appetite across markets.
The advance followed a recovery from Asian-session lows, according to CoinDesk, which reported that falling oil prices helped support demand for riskier assets including bitcoin.
Cointelegraph reported that bitcoin sought Bitcoin price seeks $86K as new support after oil dips below $90.
as a new support level after oil prices dipped below Bitcoin price seeks $86K as new support after oil dips below $90.
a barrel. The outlet said bitcoin avoided a significant drop below that level after President Donald Trump pledged a deal with Iran following November’s midterm election.
Sources: MarketWatch, CoinDesk, Cointelegraph
This article is for information only and is not financial advice.
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