From The Rio Times · Diego Fernández · · 1m 30s
Bitcoin Drops 2.8% Weekly to $82,123
Bitcoin ends week 2.8% lower at $82,123 as oil prices and Middle East tensions weigh on crypto.
In brief
Bitcoin ends week 2.8% lower at $82,123 as oil prices and Middle East tensions weigh on crypto. Bitcoin closed Friday at $82,123, down 2.81% for the week, after oil prices and Middle East tensions pressured crypto markets. Originally reported by The Rio Times.
Bitcoin Weekly Drop
Bitcoin closed Friday at US$82,123, up 0.55% on the day but down 2.81% for the week.
Ether Weekly Loss
Ether closed at US$2,488, up 0.63% on the day and down 6.77% for the week.
Market Stabilization
Bitcoin steadied after trading near US$80,300 on Thursday as falling oil prices eased pressure.
Risk-Off Factors
High oil prices, interest rate expectations, and Middle East tensions weighed on crypto markets this week.
Latin American Context
For Latin American savers, crypto is often a dollar-holding tool, so weekly price movements matter less than dollar strength.
Prediction Markets
Prediction markets show 86.0% chance bitcoin will trade between US$82,000 and US$84,00.00 by 10 October.
Market Fund Performance
The US spot bitcoin fund IBIT rose 0.63% to US$46.55, tracking bitcoin’s daily movement.
Solana and XRP
Solana and XRP traded near US$109 and US$1.39 late on Friday, with final daily closes not published.
Weekly Trend Shift
Bitcoin ended a three-week winning streak after trading above US$87,000 a week ago.
Next Week Focus
US inflation data and Federal Reserve decisions will shape rate expectations and crypto market movements.
The big picture
Bitcoin closed Friday at $82,123, down 2.81% for the week, after oil prices and Middle East tensions pressured crypto markets.
