Bitcoin seeks support above $81K as Brent crude oil hits highest level since March

Bitcoin (BTC) saw a fresh dip below $81,000 after Friday’s Wall Street open as Brent crude oil set new seven-month highs.Key points:Bitcoin briefly dropped below $81,000 at the start of Friday’s US trading session as stocks drifted lower and the US 10-year yield remained below 5%. Brent crude oil reached $116 per barrel for the first time since March 19 amid Middle East tensions.BTC price action focused on reclaiming its 50-day simple moving average at $81,781.US stocks slip, bond yields cool as oil surgesData from TradingView showed BTC/USD falling to $80,988 before recovering to around $81,600 at the time of writing.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewUS stocks opened lower as AI-sector expenditure woes coincided with a surge in oil prices on the back of tensions around the US-Iran war.The S&P 500 and tech-heavy Nasdaq Composite Index were down 0.6% and 0.2%, respectively, at the time of writing. The Dow Jones Industrial Average was 1.4% lower.As traders turned risk-averse, the 10-year US bond yield stayed below 5%, having reached 4.939% on Thursday, their lowest since Sept. 23.US 10-year bond yield one-day chart. Source: Cointelegraph/TradingView Concern...