Business · Markets · 2 hrs ago
Bitcoin falls as oil rises amid geopolitical tensions
Bitcoin fell on Monday as oil prices rose amid geopolitical tensions, including deadly attacks in Saudi Arabia over the weekend.
At about 4 p.m.
Brasília time, it was down 1.48% at $82,381, while Ethereum was also lower.
Higher oil prices can add to inflation and make cryptocurrencies less attractive to investors seeking safer places for their money.
An analyst said bitcoin holding between $80,000 and $84,000 could signal resilient demand.
Strategy said it bought 250 bitcoins, bringing its total holdings to 848,250.
The next major test is the US consumer inflation report due Wednesday, which could affect expectations for interest rates and bond yields.
Analysts say bitcoin's ability to rise may depend on whether buyers and investment funds continue to support demand.
Bitcoin fell 1.48% to US$82,381 around 4 p.m. Brasília time on Monday, October 12.
The decline came as oil prices rose amid geopolitical tensions, including deadly attacks in Saudi Arabia over the weekend.
Higher oil prices can fuel inflation and make Bitcoin less attractive to investors seeking safer assets.
Strategy bought 250 bitcoins, bringing its holdings to 848,250 coins.
Analysts said the US consumer price index report due Wednesday would be a key test for Bitcoin.
- Who
- Bitcoin investors and traders; Strategy also bought bitcoin.
- What
- Bitcoin fell as oil prices rose amid geopolitical tensions.
- When
- Monday, October 12, 2026; the price was reported around 4 p.m. Brasília time.
- Where
- Not stated
- Why
- Higher oil prices, driven by geopolitical tensions, raised inflation concerns and weighed on Bitcoin.
This story does not have two clearly opposing sides.
Deadly attacks occurred in Saudi Arabia amid geopolitical tensions.
Bitcoin traded down 1.48% at US$82,381 around 4 p.m. Brasília time as oil prices rose.
Strategy acquired 250 bitcoins, taking its total holdings to 848,250.
The US consumer price index report was due, which analysts said would be a key test for Bitcoin.
- Bitcoin price
- US$82,381 around 4 p.m. Brasília time
- Bitcoin change
- Down 1.48% on Monday, October 12
- Ethereum price
- US$2,512.90, down 0.82%
- Strategy purchase
- 250 bitcoins
- Strategy holdings
- 848,250 bitcoins
- Upcoming report
- US consumer price index, due Wednesday, October 14
What people are saying
This points to growing resilience and some degree of decoupling from traditional geopolitical risk.
The question for this week is whether the CPI will change the outlook for rates and yields enough to give bitcoin room to move, and whether spot demand is there to sustain it.
Sources
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