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Bitcoin drops 1.8% to $83,000 amid US-Iran tensions and rising oil prices

Market News
29 Sep 2026
CryptoTicker
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Bearish
Bitcoin drops 1.8% to $83,000 amid US-Iran tensions and rising oil prices

Bitcoin fell about 1.8% to around $83,000 after US President Trump rejected Iran's proposal to pause hostilities, leading to geopolitical tensions. This caused Brent crude oil prices to rise above $100 per barrel, the US dollar to strengthen, and US Treasury yields to hit 5.20%, creating a tough environment for non-yielding assets like Bitcoin. Liquidations in the crypto market reached $478 million, mostly affecting leveraged long positions. Key support for Bitcoin is now between $82,000 and $83,000, with resistance around $84,800 to $85,800; a break below support could lead to further declines. Despite the pullback, Bitcoin still posted a 42% gain in Q3, supported by ongoing institutional demand through spot Bitcoin ETFs. Geopolitical risks remain the main driver of price action in the near term.

Bitcoin's recent price movement coincides with a market where 33 of 50 major cryptocurrencies on Pluang rose today. For readers following cryptocurrency markets, here is Pluang's snapshot as of Sep 29, 2026 16:02 WIB: AVAX gained 9.03% to Rp204.668 with a typical hold time of 87 days and a Pluang order activity of 73% Sell / 27% Buy; XLM rose 9.02% to Rp4.111; EOS increased 8.13% to Rp12.649 with a typical hold time of 87 days.

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