Bitcoin's Price Retreats from $79,500 Due to Crypto Market Selloff Triggered by Oil Price Surge
Crypto markets experienced heightened volatility on Monday, with bitcoin surging to $79,480 before swiftly plummeting to $77,800. The price movement began around 23:00 UTC, coinciding with the opening of US equity and CME bitcoin futures markets, a period known for increased volatility. By 05:30 UTC, the price had started to decline after failing to surpass the $80,000 threshold, dropping 2% with…
April 27, 2026, 10:37 a.m.