Bitcoin price seeks $86K as new support after oil dips below $90
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 steadied near $86,000 amidst a dip in oil prices below $90. US President Donald Trump made a speech at the UN General Assembly, pledging a deal with Iran following the November midterm elections. Bitcoin's price cooled after peaking at $87,350 the previous day. The MVRV ratio, measuring Bitcoin's fair value, broke above 1.62, indicating potential bullishness.
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