Bitcoin Tests the $81,000 Floor as Oil Hits Its Highest Since March

Bitcoin fell below $81,000 on Friday, October 23, as Brent crude reached $116 per barrel. Cointelegraph described it as the highest Brent price since March 19. The price dipped to $80,988 before recovering to about $81,600. Bitcoin then lost more ground over the weekend. On Saturday, a wave of forced long selling pushed it to a weekly low of $79,107, its first trade below $80,000 since October 15. The Block reported that crypto longs lost $404 million in four hours. Bitcoin recovered above $80,000 within a couple of hours and traded near $80,850 on Sunday morning.