COINTELEGRAPH · 2026-11-02 19:28 UTC

Bitcoin risks drop below $76K as 7% oil slide fails to spark BTC price rally

Bitcoin fell below $77,000 as oil prices dropped 7% on diplomatic hopes for resolving US-Iran tensions, with Secretary of State Rubio stating preference for peaceful resolution. BTC failed to break above $78,500 resistance, prompting analyst Rekt Capital to warn of potential drop below $76,000 support level. Gold gained 2% rebounding from 13-month lows, while tech earnings concerns and US midterm elections weighed on broader market sentiment.

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