Bitcoin Price Tests $86K Support Amid Oil Drop

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Bitcoin price action avoided a significant drop below $86,000 as US president Donald Trump pledged a deal with Iran after November’s midterm election.

Bitcoin (BTC) fluctuated around $86,000 on Tuesday as crude-oil prices hit their lowest levels in nearly three weeks.

Bitcoin consolidated at around $86,000 after hitting fresh 33-week highs on Monday.

US president Donald Trump told the UN that a deal to end the war with Iran could come after November’s midterm elections.

WTI crude oil dropped to near $89 per barrel, its lowest level since Nov. 4 before reversing toward $92.

Bitcoin tests strength of $86,000 support as oil drops under $90

US stocks tracked sideways as US president Donald Trump took to the stage at the UN General Assembly in New York. In a speech to world leaders, Trump pledged to reach a deal to end the US-Iran war, but suggested that this might come after the US midterm elections in November.

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