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Rising oil prices amid Middle East tensions pressure Bitcoin, risking a drop to $60,000 or lower.

Market News
02 Apr 2026
Crypto Daily
View Source
Bearish
pluang ai news

Oil prices surged over 8% due to Middle East geopolitical tensions, pushing crude above $99 and signaling potential rise towards $120. This spike creates a challenging environment for Bitcoin, which faces resistance around $69,000 and risks falling below key supports at $66,000 and $65,000. Technical patterns suggest Bitcoin could drop to $60,000 next, with a longer-term possibility of a decline to $38,000 if the bear market deepens. Investors should watch oil and geopolitical developments closely as they heavily influence crypto and broader markets.

More News

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...

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Bullish
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Japan launches world's first national AI infrastructure with NVIDIA to boost physical AI across industries.

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Market News
Bullish
4 hours ago
Solana rises 30% since June, boosted by SBI partnership and bullish technical signals.

Solana rises 30% since June, boosted by SBI partnership and bullish technical signals.

Solana (SOL) has gained about 30% from its June low, trading around $78 and surpassing its 50-day EMA. The token's upward momentum is supported by increased speculative trading and a new SuperTrend buy signal, the first since October 2025. However, i...

Technical Signals
Bullish
4 hours ago
Kenmare Resources expects stronger production in H2 2026 after weak H1 results.

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Kenmare Resources reported weaker-than-expected production in the first half of 2026 due to commissioning delays at its Wet Concentrator Plant A, with ilmenite output down 40% year on year in Q2. Despite this, shipments increased by 53% as the compan...

Market News
Neutral
4 hours ago
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