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Bitcoin dips below $84,000 as oil tops $100 amid Strait of Hormuz tanker unrest

Market News
07 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin dips below $84,000 as oil tops $100 amid Strait of Hormuz tanker unrest

Bitcoin briefly fell under $84,000 on October 7 as crude oil prices surged past $100 per barrel due to unrest affecting tanker traffic near the Strait of Hormuz. The drop in Bitcoin and other major cryptocurrencies like Dogecoin, Ether, and XRP reflects market sensitivity to geopolitical risks. Brent crude rose nearly 1%, and U.S. Treasury yields also increased slightly. Investors are now awaiting the Federal Reserve's minutes from its September meeting for further market direction.

Bitcoin's recent price movement and oil's surge past $100 per barrel provide context for cryptocurrency market activity on Pluang. For readers following crypto markets, as of Oct 07, 2026 11:02 WIB, only 4 of 50 major cryptocurrencies rose while 45 fell. Among notable movers, AXS dropped 6.15% to Rp21.661 with a strong buy order activity of 89%, contrasting with ZIL's 6.05% decline at Rp60 and BAT's 6.04% fall to Rp1.760, both also showing majority buy interest despite price drops.

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