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Bitcoin drops over 2.7% amid Middle East tensions and rising oil prices

Market News
22 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin drops over 2.7% amid Middle East tensions and rising oil prices

Bitcoin fell more than 2.7% to around $82,200 as Asian stocks declined and Brent crude oil prices rose above $111 per barrel due to heightened tensions in the Middle East. South Korea's KOSPI index dropped over 4%, with major tech firms like SK Hynix and Samsung Electronics seeing significant losses. U.S. futures also weakened, reflecting global market uncertainty. The U.S. State Department's order for nonemergency personnel to leave Saudi Arabia added to concerns about potential oil supply disruptions, impacting investor sentiment across multiple asset classes.

Bitcoin's recent price movement is noted here with Pluang's market data as of Oct 23, 2026 01:02 WIB. Among 50 major cryptocurrencies priced on Pluang, only 4 rose while 45 fell. Notable declines include ADA (Cardano) at Rp3.818 with a 7.22% drop, SUSHI (SushiSwap) at Rp3.837 down 7.15%, and ALGO (Algorand) at Rp1.921 falling 7.11%, with ADA showing a predominant 71% sell order activity.

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