Bitcoin nears 3-week low as oil heads higher on Iran strike woes

Bitcoin (BTC) risked losing key support at $82,500 after Thursday’s Wall Street open as oil prices gained over concerns of US-Iran military action.Key points:Bitcoin returned to $81,000 for the first time since Sept. 21 amid fresh concerns about US-Iran military action.US 30-year bond yields set another multidecade high as a senior Fed official saw more interest-rate hikes coming.BTC price action increasingly suggested the loss of an important support level at $82,500.Oil spikes over reports of fresh US-Iran strikes to come Data from TradingView showed BTC/USD dropping to $81,000 on Bitstamp — its lowest since Sept. 21.BTC/USD four-hour chart. Source: Cointelegraph/TradingViewCiting a Pentagon official and a source familiar with the matter, NBC News reported that the US could be preparing for fresh military strikes on Iran. This sent oil prices higher on the day, with WTI crude reaching $93.20 per barrel, its highest since Oct. 2, and Brent crude hitting $105.88.CFDs on WTI crude oil four-hour chart. Source: Cointelegraph/TradingViewSpeaking to supporters at a rally in San Antonio, Texas, US president Donald Trump said that Middle East envoy Steve Witkoff was making progress with I...