Bitcoin Targets $86K as Oil Prices Slip Under $90

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Bitcoin (BTC) traded around $86,000 on Tuesday as crude oil prices fell to their lowest level in nearly three weeks.

Bitcoin consolidated near $86,000 after reaching a fresh 33-week high of $87,350 on Monday.

US President Donald Trump said a potential agreement to end the conflict with Iran could come after the November midterm elections.

WTI crude oil fell to around $89 per barrel, its lowest level since Nov. 4, before recovering toward $92.

Bitcoin Tests $86,000 Support as Oil Prices Fall Below $90

Bitcoin volatility easing after BTC/USD climbed to $87,350 on Monday. The cryptocurrency subsequently moved into a consolidation phase around the $86,000 level as traders assessed whether the recent gains could hold.

Meanwhile, crude oil prices weakened, with WTI briefly falling below $90 per barrel before recovering. The decline in oil prices came as markets monitored developments surrounding the Iran conflict and potential diplomatic efforts.

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