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Bitcoin holds near $81,500 amid oil price surge and geopolitical tensions, set for first monthly loss since July.

Market News
23 Oct 2026
Bitcoin
View Source
Neutral
Bitcoin holds near $81,500 amid oil price surge and geopolitical tensions, set for first monthly loss since July.

Bitcoin traded flat around $81,500 after two volatile days, facing pressure from rising oil prices due to U.S.-Iran tensions. This kept Bitcoin on track for its first monthly loss since July, with its market cap down 3% over 30 days. Long liquidations dominated crypto market sell-offs, reflecting cautious investor sentiment amid inflation fears and potential Fed rate hikes. Analysts view the current price hold as healthy consolidation, expecting Bitcoin to trend higher post-U.S. elections based on historical patterns.

Bitcoin is trading at Rp1.472.329.151 on Pluang as of Oct 24, 2026 00:51 WIB, showing a modest 0.48% gain in the last day. Despite the article noting Bitcoin's pressure from rising oil prices and a monthly market cap drop, the Pluang platform sees a majority of buy orders at 64%, with investors typically holding for about 112 days. This suggests steady interest in Bitcoin even as global markets react to geopolitical tensions.

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