Bitcoin Falls to $81,256 as Brent Tops $112 on Iran Strike Concerns

Bitcoin (BTC) fell about 3% Thursday, touching $81,256 near the New York market open as Brent crude climbed above $112 amid concerns over possible U.S.-Israeli strikes on Iran after the Nov. 3 midterm elections. Brent crude futures were at $111.64 at 2:26 a.m. ET (06:26 UTC). By 1:05 p.m. ET (17:05 UTC), they stood at $112.33 a barrel, up 3.2%. Bitcoin had traded near $85,000 on Wednesday before Thursday’s decline. Houthi attacks in Saudi Arabia and concerns about further supply disruption also contributed to oil’s rise. Preparations for a possible post-election campaign have included energy sites, nuclear facilities, and missile and drone capabilities as potential targets. Aircraft also flew over Iraq in exercises designed to rehearse strike routes.

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