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Bitcoin dips below $84,000 as oil prices rise on Iranian tanker attacks, shaking crypto markets.

Market News
07 Oct 2026
Coindesk
View Source
Bearish
Bitcoin dips below $84,000 as oil prices rise on Iranian tanker attacks, shaking crypto markets.

Bitcoin fell about 1.5% to just above $84,200 amid escalating Iranian attacks on tankers, which pushed oil prices, Treasury yields, and the dollar higher. Other major cryptocurrencies like Dogecoin, Ether, and XRP also saw notable declines. A break below $83,000 could lead Bitcoin toward $80,000, signaling stronger selling pressure. Investors are also awaiting the Federal Reserve's meeting minutes for clues on future rate hikes, while oil prices rose nearly 1% due to geopolitical tensions in the Strait of Hormuz, impacting global markets including Asian stocks.

As of Oct 07, 2026 11:21 WIB, Bitcoin trades at Rp1.503.617.355 on Pluang, down 1.95% in one day, showing a sharper decline than TRON's smaller 0.53% drop. Dogecoin fell the most among major coins with a 4.91% decrease, contrasting with Bitcoin's more moderate dip amid geopolitical tensions. XRP also declined by 2.56%, reflecting broader selling pressure across cryptocurrencies on the platform.

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