Bitcoin Slips Under $82,000 as Brent Tops $112: Is Washington Waiting for the Midterms Before Striking Iran Again?

BTC’s link to oil turned sharply negative in October. The U.S. election calendar may explain why. Bitcoin fell 1.9% to $81,755 on Thursday, October 22, while Brent crude jumped 3.2% to $112.31 a barrel. The New York Times reported that U.S. and Israeli forces have drawn up plans to resume strikes on Iran once the November 3 midterm elections are over. The ETF money didn’t help. U.S. spot BTC funds took in about $1.07 billion from Monday to Wednesday.