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Bitcoin drops 3% as Brent crude tops $112 amid US-Iran conflict fears post-US midterms

Market News
22 Oct 2026
Tokenpost
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Bearish
Bitcoin drops 3% as Brent crude tops $112 amid US-Iran conflict fears post-US midterms

Bitcoin fell about 3% to $81,256 near the New York market open, while Brent crude oil prices rose above $112 per barrel due to concerns over potential US-Israeli strikes on Iran following the November 3 US midterm elections. The rise in oil prices was also influenced by Houthi attacks in Saudi Arabia and fears of further supply disruptions. Although military preparations and exercises are underway, no attack has been authorized yet, with President Trump stating that action could happen soon but has not been approved. This situation signals increased geopolitical tensions that could impact markets further.

Bitcoin's recent price movement is context for readers following cryptocurrency markets. As of Oct 23, 2026 03:02 WIB, 45 of 50 major cryptocurrencies on Pluang fell today. Notable movers include CRV at Rp6.587 with a 1-day change of -7.20% and a typical hold time of 62 days, and UNI at Rp126.679 with a 1-day change of -7.04%.

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